Companies Add Fewer Workers Than Forecast, ADP Data Show
Companies added fewer jobs than expected in May, a sign of uneven progress in the labor market, according to the ADP Research Institute. Employment in May rose by 179,000, the smallest increase in four months. Economists surveyed by Bloomberg had forecast an increase of 210,000.
Large companies employing 500 or more employees added 37,000 jobs; medium-sized companies with 50 to 499 employees added 61,000 jobs; and small companies added 82,000 jobs.
Read more at Business Week.