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BREAKING NEWS – Gov’t Data Shows Significant Reduction in Job Growth

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Department of Labor logo Jobs reportThe US Department of Labor reported this morning that non-farm jobs grew by 75,000 in May. According to a Wall Street Journal survey of economists, the May jobs number was expected to come in at 180,000 – so this is a large and surprising miss.

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ADP Jobs Report is a Shocker, Seen as a Red Flag

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On Wednesday, the country’s largest payroll processor, ADP, announced that private-sector employers hired 27,000 people in May. This number was a dramatic reversal from their report on April hiring, which said employers added a remarkable 271,000 people. Many economists and market analysts expressed shock at the surprisingly low number.

See more on ADP’s May hiring numbers…

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