Thursday, May 31, 2012

Private Employment "Disappoints"

Isn't that another word for "unexpectedly."
Jobless claims rose last week, private employment growth disappointed while growth was less than originally reported in the first quarter, according to reports that provide few bright spots for the economy.

Private-sector jobs growth came in at a disappointingly weak 133,000 from April to May, according to a report from ADP and Macroeconomic Advisors that adds to a bleak outlook for employment.
A day before the government releases its report for nonfarm payrolls in May, the ADP report showed that job growth continues to slow.

Economists had expected the report to show nongovernment jobs grew by 150,000.


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