ADP’s jobs data is showing an expected jobs decrease of some 532,000 for the month of May. The data for April also showed that the job losses were revised down to 545,000. The cuts were all over with small and medium businesses generating 209,000 and 223,000, respectively, and large businesses at -100,000. The government payrolls expectation for non-farm payrolls due this Friday from the Labor Department is roughly 525,000. This number from ADP will not likely create any radical changes to the unemployment expectations released by the Labor Department this Friday. It seems that tomorrow’s jobless claims data and the continuing claims may show more insight than today’s ADP data.
Jon C. Ogg
June 3, 3009
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
