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

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Payroll firm ADP reported Wednesdayu that companies inthe U.S. cut an estimated 532,000 workers from payrolls last month. ADP also revisexd higher its estimate of cuts in Aprilto 545,000 from the previouws estimate of 491,000. The ADP report notes losses across all sizes and categories of businesses with larged business payrollsdeclining 100,000, medium businesses shedding 223,000 jobs and smal businesses cutting 209,000 employees. The goods-producing sectofr lost 267,000 jobs while the service-producing sector declineds by 265,000 positions. The Labor Department is due to release its jobs reporton Friday.
The average analys estimate for that report of government as well as privated payrolls is a lossof 520,000 payroll positions and an increased in the unemployment rate to 9.2 percent from April’ds rate of 8.9 percent. On The Institute for Supply Management announced that its factor index rose to the highest level sincwe last September as new orders posted theit first gain since the recession On Tuesday the National Association of Realtors reported that pendingh sales ofexisting homes, or contractx signed but not closed, rose 6.
7 percent in the largest increase in six