| Submit your comments on this article |
| Economy |
| Unexpectedly Private Sector Job Growth Slumps in May |
| 2011-06-01 |
| Private-sector payroll growth slowed sharply in May, coming in far below expectations and falling to the lowest level in eight months, a report by a payrolls processor showed on Wednesday. The ADP Employer Services report showed private employers added a scant 38,000 jobs last month, while April private payrolls were revised down to an increase of 177,000 from the previously reported 179,000. Economists surveyed by Reuters had forecast a gain of 175,000 jobs for May. |
| Posted by:Beavis |