In another sign of sluggishness in the U.S. labor market, payroll processor ADP released a report Wednesday morning showing that private sector employment increased by much less than expected in the month of April.
ADP said employment in the private sector increased by 169,000 jobs in April compared to a downwardly revised increase of 175,000 jobs in March.
Economists had expected private sector employment to climb by about 200,000 jobs compared to the addition of 189,000 jobs originally reported for the previous month.
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