A recent survey by ADP revealed on Wednesday that American companies added the fewest jobs to the economy since 2010.

Now we know for a fact that this year has seen the fewest job additions to the US economy in the last 9 years. ADP reported that American businesses added 27,000 jobs in May, the lowest monthly figure since March of 2010. The total number of jobs has also fallen significantly in several sectors, particularly in construction. The number of jobs in construction is down by 30,000, and the number of jobs in manufacturing is down by 3,000.

The overall outlook for the US economy is iffy at the moment. The current state of employment in the US is quite strong, and the reduction in job additions is tempered by an already low unemployment rate. That being said, growth is expected to slow down later this year as the global economy weakens. The effects of the Trump tax cuts may begin to fade slowly as the consequences of the US-China trade war start to slow the global economy, and tariffs start to affect the wallet of the American consumer in a significant way. The April-June quarter may see as little as 1.5% in annualized growth, a significant drop from the 3.1% annualized GDP growth seen in Q1. The total predicted growth for 2019 is around 2.4%, compared to 2018’s 2.9% GDP growth. Going forward, GDP growth is expected to stabilize at just shy of 2% by 2021. In better news, unemployment is resting at 3.6% as of Wednesday, the lowest unemployment rate measured since 1969, according to the Bureau of Labor Statistics.