Employment in the U.S. private sector rose by less than expected in the month of May, according to a report released by payroll processor Automatic Data Processing, Inc. (ADP) on Thursday, with the report providing further signs of sluggishness in the labor market.
ADP said private sector employment rose by 133,000 jobs in May following a downwardly revised increase of 113,000 jobs in April. Economists had expected an increase of about 154,000 jobs compared to the addition of 119,000 jobs originally reported for the previous month.
by RTT Staff Writer
For comments and feedback: editorial@rttnews.com
Economic News