While small companies axe positions, payrolls grow

The U.S. economy as a whole is adding jobs, regardless of small companies trending towards reducing staff. In May, 390,000 jobs were added to the workforce and the unemployment rate held at 3.6%.

The leisure and hospitality sectors grew the most with 84,000 positions, with construction and business sectors following suit. Retail seems to be taking the biggest hit, with 61,000 jobs lost in May.

Read more from CNBC ▶

Previous
Previous

Tractor-trailer aerodynamics improved with fairings on 50% of new trucks

Next
Next

Tesla likely to eliminate 10% of workforce