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May 31, 2012

Economy: Economic News, Policy & Analysis - The Washington Post: U.S. job growth remains weak, May data show

Economy: Economic News, Policy & Analysis - The Washington Post
Economy News: Get the latest headlines and in-depth coverage of economic news, policy, analysis and more from The Washington Post.
U.S. job growth remains weak, May data show
May 31st 2012, 17:26

A key survey of businesses released Thursday revealed a pickup in the pace of job creation in May, but the growth was not enough to shake lingering fears about the impact of a broader global slowdown.

The ADP National Employment Report showed a gain of 133,000 jobs last month — less than economists had expected. Most of the increase was driven by the service industry, while manufacturing and construction employment declined.

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