NEW YORK (AP) — The job market's already slow recovery looks to be losing momentum, and so is the manufacturing industry. New doubts about the economic recovery's strength on Wednesday knocked the Dow Jones industrial average down more than 100 points.
Private employers added just 38,000 jobs in May, down from 177,000 in April, according to payroll processor ADP. It's the weakest result since September. The report may offer a preview of Friday's more comprehensive job report from the Labor Department, which includes hiring by both private employers and the government.