US Private Sector Jobs Grow by 37,000 in May, Slowest in Over Two Years
TL;DR
Private sector employment growth slowed significantly in May, with only 37,000 new jobs, the lowest in over two years, indicating a weakening labor market amid mixed economic signals. The ADP report suggests a slowdown in hiring, prompting calls for lower interest rates, while upcoming official data from the Bureau of Labor Statistics is expected to show modest job gains.
- Private sector hiring rose by just 37,000 in May, the lowest in more than two years, ADP says CNBC
- ADP National Employment Report: Private Sector Employment Increased by 37,000 Jobs in May; Annual Pay was Up 4.5% PR Newswire
- US Hiring Falls to Slowest Pace in Two Years, ADP Data Show Bloomberg
- ADP May employment +37K vs +110K prior Forexlive
- Gold prices see solid support as U.S. ADP shows 37K jobs created in May KITCO
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