Private sector job creation increased by 109,000 in April, surpassing expectations, according to ADP. This indicates a stable labor market and less pressure on the Federal Reserve to lower interest rates amid persistently higher inflation. Wages for those staying in their jobs rose by 4.4% annually, down 0.1 percentage point. The job creation was largely concentrated in key sectors, with education and health services adding 61,000 new hires and trade, transportation and utilities gaining 25,000. However, the Trump administration's efforts to reshore jobs through tariffs also saw modest gains. The Federal Open Market Committee voted to keep its key interest rate unchanged last week.