Private sector job growth slows Staff
Posted: May 02, 2012 10:21 AM
Private sector job growth slows

Private companies are pulling back on hiring.

Businesses added just 119,000 jobs in April, according to a report issued Wednesday by payroll-processing company ADP. The number fell far short of the 170,000 jobs economists were expecting.

Earlier this year, the same report showed companies added 201,000 jobs in March and 228,000 jobs in February.