The US private sector churned out a net 179,000 new jobs in May, a disappointing fall from April, payrolls company ADP said Wednesday.
It was the lowest level in four months, and suggested US economic growth remains in second gear.
The May figure was down 36,000 positions from April's total, with a sharp slowdown in the number of new jobs coming in the professional and business services sector. Hiring remained slow, as well in trade and transportation, and in construction.
"After a strong post-winter rebound in April, job growth in May slowed somewhat," said ADP president Carlos Rodriguez.
Even so, he added, "the 179,000 jobs-added figure is higher than May of last year and in line with the average over the past twelve months."
Ian Shepherdson of Pantheon Macroeconomics called the ADP data "curious" and inconsistent with the signs of a stronger jobs market that come from other data on the economy.
He said that the government's official report on the jobs market in May should be more buoyant, showing a firm 230,000 new jobs generated by the private sector and government when it comes out on Friday.
GMT 14:02 2018 Sunday ,02 December
RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fundGMT 12:03 2018 Friday ,30 November
Canada on track to sign new free trade deal with US and MexicoGMT 07:59 2018 Wednesday ,21 November
Merkel policies in focus in final debate on draft German budgetGMT 16:57 2018 Wednesday ,31 October
Putin to discuss relations development prospectsGMT 16:04 2018 Monday ,29 October
Russian, Cuban presidents to discuss strategic partnershipGMT 12:57 2018 Saturday ,27 October
"Undeclared war" forces Russia to boost defense spendingGMT 15:45 2018 Friday ,26 October
Medvedev to represent Russia at upcoming APEC summitGMT 14:12 2018 Thursday ,25 October
Saudi Arabia plans to invest in Russian-Chinese Fund soonMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor