U.S. private sector employment rises less than expected in May

Market news

5 June 2013

U.S. private sector employment rises less than expected in May

Raising concerns about Friday's jobs report from the Labor Department, payroll processor Automatic Data Processing, Inc. (ADP) released a report on Wednesday showing much weaker than expected private sector job growth in the month of May.

ADP said private sector employment increased by 135,000 jobs in May following a downwardly revised increase of 113,000 jobs in April.

Economists had expected private sector employment to increase by about 171,000 jobs in May compared to the addition of 119,000 jobs originally reported for the previous month.

Canada building permits up unexpectedly in April

Canada: Building Permits (MoM) , April +10.5% (forecast -2.3%)

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.