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Hiring grinds to a halt

Companies in April added the fewest number of workers in more than a year, a sign progress in the labor market may be moderating along with the economy.

By Victoria Stilwell | Updated on May 06, 2015
(AP Photo/Wayne Parry)

(Bloomberg) — Companies in April added the fewest number of workers in more than a year, a sign progress in the labor market may be moderating along with the economy.

The 169,000 advance in employment was the smallest since January 2014 and followed a 175,000 gain in March that was smaller than initially estimated, according to figures Wednesday from the Roseland, New Jersey-based ADP Research Institute. The median forecast of 43 economists surveyed by Bloomberg called for an April increase of 200,000.

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