Employers Add Far Fewer Jobs In April Than Forecast

Reuters
Updated
ADP jobs report
Daniel Acker/Bloomberg via Getty Images

By Leah Schnurr

U.S. private-sector hiring slowed again in April as companies added the fewest employees in seven months, the latest sign that the economy is encountering a soft patch, a report by a payrolls processor showed on Wednesday.

Businesses added 119,000 employees to their payrolls last month, according to the ADP National Employment Report, falling short of economist expectations for a gain of 150,000 jobs. It was the smallest gain since September 2012.

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