(Reuters) - Private-sector hiring slowed again in April as companies added the fewest employees in seven months, the latest sign the economy is encountering a soft patch, a report by a payrolls processor showed on Wednesday.
Businesses added 119,000 employees to their payrolls last month, according to the ADP National Employment Report, falling short of economists' expectations for a gain of 150,000 jobs. It was the smallest gain since last September.
March's private payrolls were revised down to an increase of 131,000 from the previously reported 158,000.
The report is jointly developed with Moody's Analytics.
Stock futures were little changed immediately following the data, while the euro extended gains against the dollar and Treasury securities firmed.
READ MORE: http://www.reuters.com/article/2013/05/01/us-usa-economy-employment-adp-idUSBRE9400G120130501?feedType=RSS&feedName=topNews&utm_source=dlvr.it&utm_medium=twitter&dlvrit=992637
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