US Companies Add Fewest Jobs in 9 Years
Private businesses in the United States hired 27 thousand workers in May 2019, less than an expected 180 thousand and compared to April’s downwardly revised 271 thousand rise. It was the smallest payroll increase since March 2010. The service-providing sector added 71 thousand jobs, driven mostly by education & health (33 thousand), professional & business (22 thousand), leisure & hospitality (16 thousand), and financial activities (13 thousand). By contrast, the goods-producing sector shed 43 thousand jobs, mainly in the construction (-36 thousand), natural resources & mining (-4 thousand) and manufacturing sectors (-3 thousand). ADP Employment Change in the United States averaged 78.01 Thousand from 2001 until 2019, reaching an all time high of 360 Thousand in February of 2006 and a record low of -706 Thousand in February of 2009.