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U.S. Private Sector Job Gains Fall Short of Expectations

Private job creation south of the border slowed even further last month. Data agency ADP reported Wednesday morning that firms added just 156,000 jobs in April.

Economists expected the number to come in at 195,000. In March, private payrolls were revised down 6,000 to 194,000.

Small firms stateside added the most jobs last month, as employment in such businesses grew by 93,000, at about the same rate as March. Job growth in medium-sized businesses really tailed off, as these firms added just 39,000 jobs last month, compared to 66,000 a month earlier.

The ADP report comes two days ahead of the U.S. Labor Department's monthly jobs report, which is expected to show the U.S. economy added 200,000 jobs last month.