Pennsylvania Trust

Weak Job Growth Supports a Cut

Weak Job Growth Supports a Cut

Today’s employment figures from the ADP Research Institute may foreshadow disappointment for payrolls in Friday’s U.S. jobs report.

In May private companies added the fewest workers in nine years (27K).

A lower-than-expected print in Friday’s Labor Department release may fuel further investor bets that the Federal Reserve will cut interest rates this year to help prop up the economy.

 


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