Newsroom: Industry News
The latest data from the Bureau of Labor Statistics showed disappointing job growth, with the U.S. economy adding just 138,000 net new workers in May, below the consensus estimate of 185,000 and even further from the 253,000 estimate provided by ADP. In addition, there were downward revisions to the March and April data, subtracting a total of 66,000 jobs from those months. Meanwhile, manufacturers were hoping to have a sixth straight month of job gains, much as we saw in the ADP data. Instead, manufacturing employment fell by 1,000 workers in May.