Prior 119k ..................Revised to 113K
Private-sector employment growth rose in May, as the economy gained
135,000 jobs, Automatic Data Processing Inc. reported Wednesday morning.
Economists polled by MarketWatch had expected the report to show that
employment growth picked up compared with an original April estimate of a
tepid gain of 119,000 private jobs. On Wednesday, ADP revised April's
private-job gain to 113,000. Markets look to ADP's report on
private-sector payrolls to provide some guidance on the U.S. Department
of Labor's jobs estimate, which will be released Friday and includes
information on both private- and public-sector payrolls. Economists
polled by MarketWatch expect the government to report Friday that
nonfarm-payroll employment expanded by 175,000 in May, a tad higher than
a 165,000 gain in April. They also expect that the unemployment rate
remained at 7.5%.
ADP: U.S. adds 135K private-sector jobs in May
USD flash crashed and is starting to rebound, …another whipsaw day…Trend softly these markets will skin you alive.
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