- Analytics
- News and Tools
- Market News
- U.S. private employers add 978,000 jobs in May - ADP
U.S. private employers add 978,000 jobs in May - ADP
The
employment report prepared by Automatic Data Processing Inc. (ADP) and Moody's
Analytics showed on Thursday the U.S. private employers added 978,000 jobs in May.
This marked the largest advance in private-sector employment since June 2020.
Economists
had expected an increase of 650,000.
The April
number saw a downward revision to 654,000 from the originally reported 742,000.
“Private
payrolls showed a marked improvement from recent months and the strongest gain
since the early days of the recovery,” noted Nela Richardson, chief economist,
ADP. “While goods producers grew at a steady pace, it is service providers that
accounted for the lion’s share of the gains, far outpacing the monthly average
in the last six months. Companies of all sizes experienced an uptick in job
growth, reflecting the improving nature of the panemic and economy.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
