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Thu Jun 1, 2017, 09:37 AM

U.S. companies add 253,000 jobs in May: ADP

Source: Reuters

BUSINESS NEWS Thu Jun 1, 2017 9:29am EDT

U.S. companies add 253,000 jobs in May: ADP

U.S. companies in May hired more workers than anticipated by a wide margin to rebound from a six-month low in the prior month, while a tightening labor market should point to increasing wage growth.

U.S. private employers added 253,000 jobs in May, above economists' expectations, a report by a payrolls processor showed on Thursday.

Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 185,000 jobs, with estimates ranging from 155,000 to 240,000.
....

The ADP figures come ahead of the U.S. Labor Department's more comprehensive non-farm payrolls report on Friday, which includes both public and private-sector employment. ... Economists polled by Reuters are looking for U.S. private payroll employment to have grown by 173,000 jobs in May, down from 194,000 the month before. Total non-farm employment is expected to have changed by 185,000.
....

(Reporting by Chuck Mikolajczak; Editing by Chizu Nomiyama)

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http://www.adpemploymentreport.com/2017/May/NER/NER-May-2017.aspx

ADP National Employment Report

May 2017

ADP National Employment Report: Private Sector Employment Increased by 253,000 Jobs in May
Private-sector employment increased by 253,000 from April to May, on a seasonally adjusted basis.

Read more: http://www.reuters.com/article/us-usa-economy-adp-idUSKBN18S529

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