Private business in the US added 62k workers to their payrolls in April of 2025, less than half of the downwardly revised 147k payrolls in the previous month and well below market expectations of 115k.
It was the softest increase since July of last year, underscoring the impact of tariffs by the US government on businesses' intake of new labor.
New employment rose by 34k in service providing industries, with increase in trade/transportation/utilities (21K) and financial activities (20K) offsetting the sharp declines in education/health services (-23K), and information (-8K). In turn, employment in goods producing industries rose by 26K, supported mainly by the construction industry (16K).
Source: Trading Economics
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