The attached file contains this articles commentary as well as tables and charts of the data.
ADP Employment: Another Solid Increase
June 1, 2017
Bottom Line: Private sector employment rose sharply in May, more than expected as construction jobs rebounded from weather-related losses in April. Trade/Transport and Utilities added jobs at a pace nearly double the 6- and 12-month averages after three months of very slow growth in that sector. ADP data do not account for government workers which are included in the Employment Situation headline number. This report would suggest modest upside risk to the 180k consensus for tomorrow.
ADP National Employment ROSE by 253k in May, compared with market expectations for a gains of 180k. Meanwhile, the revisions to the prior 3 months subtracted an additional 4k to the previous estimate. Over the past 12 months, private payrolls have increased by an average of 211k per month, lifting employment to 2.1% ABOVE its year ago level.
Jobs in Goods-Producing Industries ROSE by 48k jobs as Manufacturing gained 8k workers. Moreover, Construction gained 37k jobs.
Service-Producing Industries ROSE by 205k jobs with Professional/Business Services hiring 88k workers, Trade/Transport/Utilities adding 58k, and Financial Activities increasing by 7k workers.
Small Firms hired 83k workers, Medium-Sized Firms grew by 113k employees while Large Firms added 57k positions.