ADP Says May Employment Growth Slowed for 3rd Straight Week to 10,000
Updated
Updated · Financial Times · Jun 9
ADP Says May Employment Growth Slowed for 3rd Straight Week to 10,000
2 articles · Updated · Financial Times · Jun 9
Summary
ADP’s preliminary estimate for the week ended May 23 showed employment growth slowing to 10,000 on a four-week moving-average basis, marking a third consecutive weekly easing.
The prior readings also trended lower—15,250, 26,000 and 40,250—extending a slide from roughly 40,000 earlier in the 12-week series.
ADP said the NER Pulse is built from high-frequency payroll data, seasonally adjusted and published with a two-week lag to improve completeness and accuracy.
The figures are preliminary and may be revised as more data is added, making the release an early signal on late-May labor-market momentum.