Apr 30 • Industry News
Private payroll growth slowed to 62,000 in April, well below expectations
Key Points
- 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.
- Leisure and hospitality posted the biggest gain, adding 27,000 jobs. Others that showed increases included trade, transportation and utilities (21,000), financial activities (20,000) and construction (16,000).
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Private payroll growth slowed to 62,000 in April, well below expectations
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