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Wednesday, October 16, 2019
HomeNewsEconomyADP National Employment Report: Only 27K Private Sector Jobs Added in May

ADP National Employment Report: Only 27K Private Sector Jobs Added in May

Man reading newspaper with the headline Job Market. (Photo: AdobeStock)

If Unrevised, Job Gains in May Will Mark the Smallest for the Expansion

Man reading newspaper with the headline Job Market. (Photo: AdobeStock)
Man reading newspaper with the headline Job Market. (Photo: AdobeStock)

The ADP National Employment Report said the U.S. private sector added only 27,000 jobs in May, far less than the consensus forecast. The total number of payrolls added for April was revised down slightly to a still solid 271,000.


PriorPrior RevisedConsensus ForecastForecast RangeActual
ADP Private Payroll ∆275,000 271K175,000 125,000  to 190,000 27,000

“Following an overly strong April, May marked the smallest gain since the expansion began,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “Large companies continue to remain strong as they are better equipped to compete for labor in a tight labor market.”

The goods-producing sector lost a total 43,000 in May. Construction shed -36,000, while manufacturing and mining/natural resources lost -3,000 and -4,000, respectively.

Meanwhile, the service-providing sector added a total 71,000 jobs in May. Education and health services led the way with 33,000, a result of health care/social assistance adding 34,000 and education losing -1,000.

“Job growth is moderating,” Mark Zandi, chief economist of Moody’s Analytics, said. “Labor shortages are impeding job growth, particularly at small companies, and layoffs at brick-and-mortar retailers are hurting.”

Small businesses with 1 to 49 employees lost -52,000, while medium businesses with 50 to 499 employees added 11,000. Large businesses with 500 or more employees added 68,000.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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