Marlin Steel CEO Drew Greenblatt evaluated the impact of President Donald Trump’s economic, tariff, and trade agenda on ‘The Evening Edit.’
According to payroll processing firm ADP, private sector companies added 62,000 jobs in April. This figure fell short of economists’ estimates of 115,000 jobs and was significantly lower than the previous month’s reading of 155,000.
Nela Richardson, chief economist at ADP, stated that employers are experiencing “unease” as they attempt to balance policy and consumer uncertainty with predominantly positive economic data. This environment poses challenges for making hiring decisions.
The ADP data precedes the Labor Department’s nonfarm payrolls report, which is scheduled for release on Friday morning and may show different results. The government data is anticipated to indicate an increase of 130,000 positions, a decrease from the 228,000 reported in March.
This story is developing, and updates will be provided as they become available.
