Companies in U.S. added fewer workers than forecast in May

IN MAY, companies in the United States hired fewer workers than projected as federal budget cuts and higher taxes stifled improvement in the labor market. / BLOOMBERG FILE PHOTO/TIM BOYLE
IN MAY, companies in the United States hired fewer workers than projected as federal budget cuts and higher taxes stifled improvement in the labor market. / BLOOMBERG FILE PHOTO/TIM BOYLE
WASHINGTON – Companies in the U.S. hired fewer workers than projected in May as federal budget cuts and higher taxes stifled greater improvement in the labor market. The 135,000 increase in employment followed a revised 113,000 gain in April that was smaller than initially estimated, the ADP Research Institute reported today. Based in Roseland, N.J.,…

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