'Job growth is still strong, but it is definitively slowing,' economist says.
The numbers: Private-sector employers hired 275,000 people in April, payroll-processor ADP said Wednesday. That topped economists’ consensus surveyed by Econoday for 180,000 jobs added.
Small businesses added 77,000 jobs, medium-size companies added 145,000, and big business accounted for 53,000 of the job gains.See also: Construction hiring is booming — and there still are plenty of available jobs What they’re saying: “This is a big surprise, and very hard to square with survey evidence; all the private sector indicators we follow suggest labor demand is running at about 175-to-200K per month,” said Ian Shepherdson, chief economist for Pantheon Macro.
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