• Fri 84°F / 53°F

Private Sector Adds 179,000 New Jobs in May

iStock/Thinkstock(NEW YORK) -- While 179,000 private sector jobs were added in May, the new numbers served as a disappointment for economists.

The latest ADP National Employment Report, released Wednesday, shows that small businesses in the private sector contributed 82,000 jobs for the month, and goods-producing employment rose by 29,000.

More jobs in manufacturing and construction were in the mix, according to the report produced in collaboration with Moody's Analytics. The numbers are consistent with figures over the past several years, but they weren't exactly what experts were hoping for, said Moody's chief economist Mark Zandi.

"This doesn't feel great because we have so many people who are still unemployed and underemployed," Zandi said. "Until the economy grows more quickly, I think we're still going to be uncomfortable."

Still, the ADP report represents financial growth, experts said, albeit rather slowly.


Copyright 2014 ABC News Radio

Advertise With Us

Would you like to advertise on East Idaho News? Fill out this form to contact a representative.
  • Full and Last
  • The name of your company, business or brand.