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ADP May Jobs Gain Signals Recovery in US Economy
Private sector added 201000 jobs in May led by small firms. Service sector accounted for 95 percent of gains, with construction up 27000, and manufacturing down 5000. Markets rose modestly as economists warn against overinterpreting ADP versus official data. Moody's Zandi says growth near recent trend and full employment could return by next year.
MENTIONED IN THIS ARTICLE
Automatic Data Processing
ADP
Mark Zandi
Moody's Analytics
Labor Department
ADPS
Commerce Department
USS
West Coast
U.S
Wall Street
Federal Reserve
Russ Koesterich
Blackrock Inc
Fed
United States