The US economy added just 27,000 jobs during May, the lowest count since 2010. The government’s payrolls report will come out on Friday, and may not capture the same data. The official report is skewed towards larger employers. The shocker in the ADP report was the 52,000 decline in employment at firms with 1-49 workers.

Excerpt from Cracks in US labor market threaten cyclical stocks

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