According to BlockBeats, the ADP reported Wednesday that companies significantly slowed hiring in April due to the potential impacts of U.S. President Donald Trump's tariffs on trading partners. The private sector added only 62,000 jobs, marking the smallest increase since July 2024, as uncertainty intensified over the implementation of the tariffs and its effects on hiring plans and economic conditions. Wage growth also declined, with wages for those who remained in their jobs increasing 4.5% year over year, down 0.1 percentage points from March. However, wages for job changers increased to 6.9%, up 0.2 percentage points. Among sectors, leisure and hospitality saw the strongest growth, adding 27,000 jobs. Other sectors with job increases included trade, transportation and utilities (21,000), financial activities (20,000), and construction (16,000). In contrast, education and health services lost 23,000 jobs, while information services saw a reduction of 8,000 jobs.
