532,000 Private Sector Jobs Lost in May


This does not include public sector jobs. The jobs report on Friday should be interesting: U.S. private employers chopped more than half a million jobs in May, signaling job conditions remain tough and dashing some hopes the economy was not deteriorating as rapidly as thought, a report on Wednesday showed. U.S. companies axed 532,000 jobs last month, though this was fewer than the revised 545,000 jobs lost in April, according to the ADP National Employment Report.

ADP Chart May 2009

Click on picture to enlarge.

One response to “532,000 Private Sector Jobs Lost in May

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