Private sector payroll growth slows to a crawl

C

Cypress

Well-known member

Private payroll growth slowed to 62,000 in April, well below expectations​

Private sector payrolls rose by just 62,000 for the month, the smallest gain since July 2024, down from 147,000 in March and missing the Dow Jones consensus estimate for an increase of 120,000.

Companies slowed hiring sharply in April as they braced against potential impacts from President Donald Trump's tariffs against U.S. trading partners, ADP reported Wednesday.

Private sector payrolls rose by just 62,000 for the month, the smallest gain since July 2024, amid heightened uncertainty over the degree of the tariffs and the impact they would have on hiring plans and broader economic conditions.


 
Cypress said:

Private payroll growth slowed to 62,000 in April, well below expectations​

Private sector payrolls rose by just 62,000 for the month, the smallest gain since July 2024, down from 147,000 in March and missing the Dow Jones consensus estimate for an increase of 120,000.

Companies slowed hiring sharply in April as they braced against potential impacts from President Donald Trump's tariffs against U.S. trading partners, ADP reported Wednesday.

Private sector payrolls rose by just 62,000 for the month, the smallest gain since July 2024, amid heightened uncertainty over the degree of the tariffs and the impact they would have on hiring plans and broader economic conditions.


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This is going to go from bad to worse.
 
We are slipping into a recession. It is only a matter of time. Much like it is only a matter of time before we have double digit inflation.
 
Cypress said:

Private payroll growth slowed to 62,000 in April, well below expectations​

Private sector payrolls rose by just 62,000 for the month, the smallest gain since July 2024, down from 147,000 in March and missing the Dow Jones consensus estimate for an increase of 120,000.

Companies slowed hiring sharply in April as they braced against potential impacts from President Donald Trump's tariffs against U.S. trading partners, ADP reported Wednesday.

Private sector payrolls rose by just 62,000 for the month, the smallest gain since July 2024, amid heightened uncertainty over the degree of the tariffs and the impact they would have on hiring plans and broader economic conditions.


Click to expand...
:eek: Say it ain't so!! :sneaky:
 
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