Businesses were more hesitant to hire in April
NEW YORK (CNNMoney) — Ouch. One key jobs report shows employers were more hesitant to hire new workers in April, and that's including only private companies. Hiring probably looks even weaker once government job cuts are also factored into the equation.
Private sector employers added only 119,000 jobs in April, the weakest month for hiring since September, according to a report issued Wednesday by payroll-processing firm ADP. That figure was a disappointment. Economists had expected the report to show the private sector added 150,000 jobs in April.
Meanwhile, March hiring was revised lower to show private employers added 131,000 jobs, 27,000 fewer jobs than reported earlier.
According to ADP, manufacturers alone cut 10,000 jobs. Construction firms hired 15,000 employees and financial companies hired 7,000 employees in April.
These are weak signs ahead of the key monthly jobs report released by the Labor Department on Friday. That report also includes jobs figures from local and state governments as well as the federal government. Overall, governments have cut 80,000 jobs over the past six months.