NJ Spotlight News

Business Report: Private companies slow their hiring in May

Clip: 06/02/2022 | 3m 3s | Video has closed captioning.

Economists say there may be signs that the red-hot labor market is cooling. New Jersey-based ADP reports hiring slowed in May. Across the U.S., private companies added just 128,000 new workers, a decline from recent months and a weaker showing than expected. But one economist said on Thursday that the biggest constraint on the labor market is still the shortage of workers.

Aired: 06/02/22

Rating: NR

Problems Playing Video? | Closed Captioning

NJ Spotlight News is a local public television program presented by THIRTEEN.