Factory Hiring Expected to Continue Despite Recovery's Hiccup

Factory Hiring
Factory Hiring

Following yesterday's gloomy reports on jobs and manufacturing, the optimism that was slowly building within the U.S. labor market dissipated faster than a raindrop on a hot sidewalk.

Payroll processing firm ADP reported that private employers added a mere 38,000 jobs last month, the smallest increase since September, while the Institute for Supply Management said its measure of manufacturing activity fell to a 19-month low in May, driven down by slower employment growth and fewer new factory orders.