According to today’s ADP National Employment Report, employment in the nonfarm private business sector rose 133,000 from April to May on a seasonally adjusted basis. Employment in the private, service-providing sector rose 132,000 in May, after rising a revised 119,000 in April. Employment in the private, goods-producing sector added 1,000 jobs while manufacturing employment declined by 2,000 in May, its second consecutive monthly decline. Construction employment fell by 1,000, the second consecutive decline following six monthly advances, likely driven in part by unusually warm weather during the winter months. The financial services sector added 8,000 jobs from April to May.
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