ADP reported Wednesday thatHiring slowed sharply in April as businesses prepare to deal with the possible impact of President Trump's tariffs on U.S. trading partners。

this month,The number of new jobs in the private sector in the United States was only 62,000, the smallest increase since July 2024, significantly lower than the expectation of 115,000, and slowed down from the increase of 147,000 after the downward revision in March.

After the data is released,Spot goldIt rose in the short term and once returned to $3,290.

The report comes as uncertainty over the impact of Trump’s tariff policy on corporate recruitment plans and the broader economic situation. Nela Richardson, chief economist at ADP, said, “Uneasiness is the current theme. Employers are trying to balance policy and consumer uncertainty with a range of most positive economic data. It is difficult to make a recruitment decision in such an environment. ”

Wage growth has also slowed, The report shows that the salary of employees who stay in their current positionsUp 4.5% year-on-year，0.1 percentage point lower than March. However, salary for job-changers rose to 6.9%, up 0.2 percentage points.

From an industry perspective, the leisure and hospitality industry has seen the largest growth rate, with 27,000 new jobs added. Other industries that recorded growth include trade, transportation and utilities (21,000), financial activities (20,000) and construction (16,000). The education and health services industry has reduced 23,000 jobs, and the information services industry has reduced 8,000 jobs.

The ADP data is a leading indicator of the Labor Department’s non-farm employment report released on Friday, and the two reports may differ significantly. Economists expect non-farm employment report scheduled to be released on Friday will show job growth of 135,000, unlike ADP data that excludes government employment.Unemployment rate is expected to remain unchanged at 4.2%.。