Group 1 - The U.S. private sector added only 62,000 jobs this month, marking the smallest increase since July 2024 and significantly below the expected 115,000 jobs [1][3] - Wage growth has also slowed, with salaries for employees staying in their current positions rising by 4.5% year-on-year, down 0.1 percentage points from March, while salaries for job switchers increased to 6.9%, up 0.2 percentage points [3] - The leisure and hospitality sector saw the largest job increase, adding 27,000 positions, followed by trade, transportation, and utilities (21,000), financial activities (20,000), and construction (16,000) [3] Group 2 - The report comes amid increasing uncertainty regarding the impact of Trump's tariff policies on corporate hiring plans and the broader economic situation [3] - The ADP data serves as a leading indicator for the Labor Department's non-farm payroll report, which is expected to show a job growth of 135,000, with the unemployment rate remaining unchanged at 4.2% [3]

Core Insights - The ADP report indicates a significant slowdown in hiring in April, with only 62,000 jobs added, the smallest increase since July 2024, attributed to uncertainties from tariffs imposed by President Trump on trade partners [1] - Wage growth has also declined, with year-over-year wage growth for job switchers increasing to 6.9%, up by 0.2 percentage points, while the growth for those not changing jobs decreased to 4.5%, down by 0.1 percentage points [1] Industry Analysis - The leisure and hospitality sector saw the largest job increase, adding 27,000 positions [1] - Other sectors that experienced job growth include trade, transportation, and utilities (21,000), financial activities (20,000), and construction (16,000) [1] - Conversely, education and health services lost 23,000 jobs, and information services saw a decrease of 8,000 jobs [1]