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- U.S. private sector employment rises less than expected in May
U.S. private sector employment rises less than expected in May
Raising
concerns about Friday's jobs report from the Labor Department,
payroll processor Automatic Data Processing, Inc. (ADP) released a
report on Wednesday showing much weaker than expected private
sector job growth in the month of May.
ADP said private sector
employment increased by 135,000 jobs in May following a downwardly
revised increase of 113,000 jobs in April.
Economists had expected private sector employment to increase by about 171,000 jobs in May compared to the addition of 119,000 jobs originally reported for the previous month.
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