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ADP National Employment Report increased by 27,000 jobs in May
Private sector employment increased by 27,000 jobs from April to May according to the May ADP National Employment Report®.
“Following an overly strong April, May marked the smallest gain since the expansion began,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “Large companies continue to remain strong as they are better equipped to compete for labor in a tight labor market.”
Mark Zandi, chief economist of Moody’s Analytics, said, “Job growth is moderating. Labor shortages are impeding job growth, particularly at small companies, and layoffs at brick-and-mortar retailers are hurting.”
Posted: June 5, 2019 Wednesday 08:15 AM