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June 05, 2019
Private-sector job growth in the US is moderating, posting its smallest gain since the economic expansion began, according to the ADP National Employment Report released today. Separately, The Conference Board Help Wanted OnLine Index fell in May. However, the Institute for Supply Management reported activity picked up in the nonmanufacturing sector.
The ADP National Employment Report found the US added 27,000 private-sector jobs in May from April, with most of the gains at large businesses and in the service sector.
“Following an overly strong April, May marked the smallest gain since the expansion began,” said Ahu Yildirmaz, VP and co-head of the ADP Research Institute. “Large companies continue to remain strong as they are better equipped