ADP Employment Report: private sector employment rose weaker than expected

Market news

4 June 2014

ADP Employment Report: private sector employment rose weaker than expected

The U.S. ADP employment report was released on Wednesday. Private sector employment increased by 179,000 jobs for May, missing expectations for a gain by 217,000 jobs. April's figure was revised down to an increase of 215,000 from a rise of 220,000.

Goods-producing employment climbed by 29,000 jobs in May, up from 21,000 jobs gained in April. Service-providing employment increased by 150,000 jobs in May, down from 194,000 in April.

Canada posts a weaker than expected trade deficit

U.S.: Nonfarm Productivity, q/q, Quarter I -3.2% (forecast -2.2%)

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