Marketwire reports:
"May's ADP Report estimates nonfarm private employment in the service-providing sector fell by 265,000. Employment in the goods-producing sector declined 267,000, with employment in the manufacturing sector dropping 149,000, its thirty-ninth consecutive monthly decline."
"Large businesses, defined as those with 500 or more workers, saw employment decline by 100,000, while medium-size businesses with between 50 and 499 workers declined 223,000. Employment among small-size businesses, defined as those with fewer than 50 workers, declined 209,000," said Prakken.
Source: ADP
Jake, could you send me an email so I can have your email to send you a request? ilene@philstockworld.com
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ADP tends to have larger market share among small employers vs. large employers and I wonder if this could be skewing the results.
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