CNBC
US · 3 hrs ago
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Private payrolls rose by 109,000 in April, topping expectations, ADP says
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Private payroll employment in the U.S. increased by 109,000 jobs in April according to ADP data, exceeding analyst expectations and suggesting continued labor market stability. The stronger-than-expected figure may reduce pressure on the Federal Reserve to cut interest rates.
Private payrolls rose by 109,000 in April, topping expectations, ADP says
The report provided more evidence of a stable labor market and less incentive for the Fed to lower interest rates.
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