Wednesday, June 5, 2013

ADP Employment Rose by 135,000 jobs in May

ADP’s National Employment Report indicated that the private sector increased employment by 135,000 jobs in May, an improvement from April’s revised 113,000 jobs, but below the job gains seen this year and late last year. Employment gains were solely driven by the service sector.

Job gains continue to be rooted in the service sector, which added 138,000 jobs in May, up from 119,000 jobs in April but below the 6 month average. Goods producing employment contracted in May, shedding 3,000 jobs. It’s the second consecutive month of negative job gains in the goods producing sector.

Manufacturing declined as well, losing 6,000 jobs after posting a revised 15,000 job decrease in April.

Read the ADP release.

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