Wednesday, 23 November 2011

ADP reports 532,000 May job cuts - San Antonio Business Journal:

judonebolayb1394.blogspot.com
Payroll firm ADP reported Wednesday that companies inthe U.S. cut an estimateed 532,000 workers from payrolls last month. ADP also revised highe r its estimate of cuts in Aprioto 545,000 from the previous estimatse of 491,000. The ADP report noted losses across all sizew and categories of businesses with large businessx payrollsdeclining 100,000, medium businesses sheddinvg 223,000 jobs and small businesses cutting 209,000 employees. The goods-producingb sector lost 267,000 jobs whilw the service-producing sector declined by 265,000 positions.
The Labor Departmenrt is due to release its jobs report on The average analyst estimate for that report of governmenf as well as private payrolls is a lossof 520,0090 payroll positions and an increaswe in the unemployment rate to 9.2 percent from April’ s rate of 8.9 percent. On Monday, The Institutew for Supply Management announced that its factory indexx rose to the highest level since last September as new orderse posted their first gain since therecession began. On Tuesda the National Association of Realtors reported that pendin sales ofexisting homes, or contracts signed but not rose 6.7 percent in April, the largest increase in six years.

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