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

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Payroll firm ADP reported Wednesda that companies inthe U.S. cut an estimated 532,000 workers from payrolls last month. ADP also revised higher its estimate of cuts in Aprilto 545,000 from the previoud estimate of 491,000. The ADP report noted lossex across all sizes and categories of businesse with large business payrollsdeclining 100,000, medium businesse shedding 223,000 jobs and small businesses cutting 209,00 employees. The goods-producing sector lost 267,000 jobs while the service-producingv sector declined by 265,000 The Labor Department is due to releasse its jobs reporton Friday.
The average analysf estimate for that report of government as well as private payrollsz is a lossof 520,00p payroll positions and an increaser in the unemployment rate to 9.2 percent from April’s rate of 8.9 On Monday, The Institute for Supply Management announced that its factorhy index rose to the highest levep since last September as new orders posted theirr first gain since the recession On Tuesday the National Associationb of Realtors reported that pending salesz of existing homes, or contracts signed but not closed, rose 6.7 perceny in April, the largest increase in six years.