Topline
Small businesses once again accounted for most of the private sector’s stronger-than-expected growth last month, according to a report from the payroll processing firm ADP, as further data points to a stable market despite a slowdown in total employment.
Earlier data pointed to a stable job market, even as total employment slowed.
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Key Facts
Private sector payrolls increased by 122,000 in May, ADP reported, up from April’s 105,000 added jobs and consensus analyst projections of 120,000, according to FactSet.
This is a developing story.
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