Turbulence In Arkansas, U.S. Job Market

After Arkansas and the rest of the U.S. saw strong employment growth in April, a closely-watched private industry snapshot released Wednesday highlights concerns that the Trump administration’s ongoing trade disputes with Mexico and China and labor shortages could take the legs out of the fast-running jobs market.

According to the ADP National Employment Report, nonfarm private sector job growth fell to its lowest level in nearly a decade as small businesses, retailers and goods-producing sectors lost ground ahead of Friday’s much-anticipated national unemployment report from the U.S. Department of Labor.

The survey, produced monthly by the ADP Research Institute from an anonymous sampling of 411,000 U.S. clients employing nearly 24 million workers in the U.S., also shows private employment only increased by 27,000 jobs between April and May. That falls well short of the ADP’s revised 271,000 private sector positions added in April and the weakest post-recession job tally since early 2010.     MORE

Designed by Reinhold Technology Solutions