Private Payrolls Slow to Near-Standstill

This is a news story, published by CNBC, that relates primarily to Dow Jones news.

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CNBC

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Business

Business & Economics

Private sector hiring rose by just 37,000 in May, the lowest in more than two years, ADP says

Summary

Nutrition label

80% Informative

Payrolls increased just 37,000 for the month , below the downwardly revised 60,000 in April and the Dow Jones forecast for 110,000 .

Annual pay grew at a 4.5% rate for those remaining in their positions and 7% for job changers, both little changed from April .

Goods-producing industries lost a net 2,000 positions, with natural resources and mining off 5,000 and manufacturing down 3,000 , offset by 6,000 construction.

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Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful