
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 07:56 2018 Wednesday ,21 November
Merkel policies in focus in final debate on draft German budgetGMT 14:11 2018 Thursday ,08 November
Greek minister, Russian ambassador discuss possible investment projectsGMT 13:42 2018 Wednesday ,07 November
PM says Russian-Chinese trade turnover may reach $200 blnGMT 11:15 2018 Wednesday ,07 November
Top U.S. diplomat visits Pakistan to discuss economic cooperationGMT 13:53 2018 Thursday ,01 November
Alrosa to sell 127 large gem-quality rough diamonds at an auction in IsraelGMT 10:59 2018 Tuesday ,30 October
Trade turnover between Russia and Japan grows by over 17% in 2018Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor