Topline
Small businesses once again accounted for most of the private sector’s stronger-than-expected growth last month, according to a report from the payroll processing firm ADP, as further data points to a stable market despite a slowdown in total employment.
Earlier data pointed to a stable job market, even as total employment slowed.
Getty Images
Key Facts
Private sector payrolls increased by 122,000 in May, ADP reported, up from April’s 105,000 added jobs and consensus analyst projections of 120,000, according to FactSet.
This is a developing story.