May private-sector jobs rise 133K: ADP
WASHINGTON (MarketWatch) -- Private-sector payrolls increased 133,000 in May, led by small businesses and the service-providing sector, according to the ADP employment report released Thursday. The April level was revised to a gain of 113,000 from a prior estimate of 119,000. Markets look to ADP's report on private-sector payrolls to provide some guidance on the U.S. Labor Department's jobs estimate, which will be released Friday and includes information on both private- and public-sector payrolls. Economists polled by MarketWatch expect the U.S. Labor Department to report Friday that nonfarm-payroll employment rose 170,000 in May, compared with 115,000 in April. They also expect that the unemployment rate remained at 8.1%.