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Companies in the private sector added 62,000 jobs in April, payroll processing firm ADP said Wednesday. The figure is well below economists’ estimates of 115,000 jobs and down sharply from the ...

ADP private payrolls Private payroll growth dropped in April to 62,000 for the month, halfway to meeting expectations of 120,000, offering more evidence that the economy is heading into a slowdown.

It was slowed by a surge in imports as companies in the United States tried to bring in foreign goods before President Donald Trump imposed massive tariffs.