13:15 Dados States
Enviado: 30/5/2007 12:438:15 AM ET, May 30, 2007 - 31 minutes ago
ADP suggests May nonfarm payrolls to rise about 123,000
U.S. goods-producing jobs fall 23,000, least since Jan.
U.S. services added 120,000 jobs in May: ADP
U.S. private payrolls up 97,000 in May: ADP
ECONOMIC REPORT: 97,000 jobs added in May, ADP says
By Rex Nutting, MarketWatch Last Update: 8:16 AM ET May 30, 2007
WASHINGTON (MarketWatch) -- U.S. private-sector jobs grew by 97,000 in May, according to the ADP employment report released Wednesday.
The report suggests U.S. nonfarm payrolls rose about 123,000 in May after adding in government jobs, a bit less than the 150,000 estimated by economists surveyed by MarketWatch. The nonfarm payrolls figure will be released on Friday.
In May, services-producing jobs increased by 120,000, while goods-producing jobs fell by 23,000, ADP said. Manufacturing firms cut 10,000 jobs, the least since November.
Large businesses added 8,000 jobs in May, the first increase since November. Small businesses added 58,000 workers, and medium-sized companies added 31,000.
April's ADP figure was revised low to 61,000 from 64,000, still the lowest in four years.
Thirteen months after its debut, the ADP report is considered by some economists to be the single-best indicator of the government's monthly nonfarm payroll report. In a recent research report, Deutsche Bank economist Joe LaVorgna concluded that the ADP report is the best of 10 commonly followed leading indicators of employment at predicting the initial nonfarm payroll number.
The ADP report is designed to mirror the monthly nonfarm payrolls report released by the Labor Department on Friday. One difference: the Labor Department statistics include government jobs, but ADP doesn't.
After a few big misses compared with the Labor Department figures in its first few months, the methodology for the ADP report has been tweaked and the sample size increased. In April, it missed the Labor Department's private-sector payroll figure of 63,000 by just 2,000.
The ADP report is crafted from anonymous payroll data from about 364,000 payrolls representing 22 million workers. The sample is matched to the Labor Department's sample of 160,000 businesses and government offices.
Automatic Data Processing Inc. (ADP : 49.06, -0.17, -0.3%) is the one of the largest payroll providers in the world; it has more than 570,000 business clients worldwide.
ADP suggests May nonfarm payrolls to rise about 123,000
U.S. goods-producing jobs fall 23,000, least since Jan.
U.S. services added 120,000 jobs in May: ADP
U.S. private payrolls up 97,000 in May: ADP
ECONOMIC REPORT: 97,000 jobs added in May, ADP says
By Rex Nutting, MarketWatch Last Update: 8:16 AM ET May 30, 2007
WASHINGTON (MarketWatch) -- U.S. private-sector jobs grew by 97,000 in May, according to the ADP employment report released Wednesday.
The report suggests U.S. nonfarm payrolls rose about 123,000 in May after adding in government jobs, a bit less than the 150,000 estimated by economists surveyed by MarketWatch. The nonfarm payrolls figure will be released on Friday.
In May, services-producing jobs increased by 120,000, while goods-producing jobs fell by 23,000, ADP said. Manufacturing firms cut 10,000 jobs, the least since November.
Large businesses added 8,000 jobs in May, the first increase since November. Small businesses added 58,000 workers, and medium-sized companies added 31,000.
April's ADP figure was revised low to 61,000 from 64,000, still the lowest in four years.
Thirteen months after its debut, the ADP report is considered by some economists to be the single-best indicator of the government's monthly nonfarm payroll report. In a recent research report, Deutsche Bank economist Joe LaVorgna concluded that the ADP report is the best of 10 commonly followed leading indicators of employment at predicting the initial nonfarm payroll number.
The ADP report is designed to mirror the monthly nonfarm payrolls report released by the Labor Department on Friday. One difference: the Labor Department statistics include government jobs, but ADP doesn't.
After a few big misses compared with the Labor Department figures in its first few months, the methodology for the ADP report has been tweaked and the sample size increased. In April, it missed the Labor Department's private-sector payroll figure of 63,000 by just 2,000.
The ADP report is crafted from anonymous payroll data from about 364,000 payrolls representing 22 million workers. The sample is matched to the Labor Department's sample of 160,000 businesses and government offices.
Automatic Data Processing Inc. (ADP : 49.06, -0.17, -0.3%) is the one of the largest payroll providers in the world; it has more than 570,000 business clients worldwide.