US private payrolls drop by 20.2 million in April, the worst job loss in the history of ADP report
PUBLISHED WED, MAY 6 20208:15 AM EDTUPDATED 15 MIN AGO
KEY POINTS
- Private payrolls fell by more than 20 million in April, the worst drop in the ADP survey history, though not as bad as estimates of 22 million job losses.
- The biggest losses came in services and hospitality along with trade, transportation and utilities as well as construction.
- Big business suffered the worst losses at more than 9 million jobs.