Payrolls increased this month by the smallest amount since April, according to this morning’s update of the ADP Employment Report. The 130,000 gain for October is near the slowest pace of growth in recent years for this data series and so today’s release raises new concerns for the economy’s outlook. “Any further weakening would signal rising unemployment,” says Mark Zandi, chief economist of Moody’s Analytics, which partners with ADP to produce the payrolls data. “The weaker job growth is evident across most industries and company sizes,” he notes in a press release (pdf) that accompanies today’s report.