By Canadian Press

Survey: Companies add fewest jobs in 9 years in May

Jun 5, 2019 | 6:43 AM

WASHINGTON — U.S. companies added the fewest jobs in nine years, a private survey found, as manufacturers, construction firms and mining companies cut workers.

Payroll processor ADP said Wednesday that businesses added just 27,000 jobs in May, the fewest since March 2010. Jobs in construction fell 36,000 and in manufacturing by 3,000.

Growth is expected to slow this year as the global economy weakens, the impact of the Trump administration’s tax cuts fade, and its tariffs take effect. The economy could expand at just a 1.5% annual pace in the April-June quarter, analysts forecast.

The ADP’s figures don’t include government hiring and frequently diverge from the government’s official report, which is scheduled to be released Friday. Economists expect that report will show job gains of 185,000, while the unemployment rate remains 3.6%.

Meaningful Mementos

Remembering Someone You've Lost at Christmas

Dec 03, 2024

Seasonal Sorrow

How Do You Get Through The Holidays When You're Grieving?

Nov 01, 2024

Upcoming Events at Oliver's

Grief & Loss and Estate Planning Seminars

Oct 02, 2024

Christopher Rugaber, The Associated Press