Another Sign of Cooler U.S. Growth, Which Isn’t an Entirely Unwelcome Thing
ADP’s monthly calculation of U.S. private-sector employment growth rose by a less-than-anticipated 152k last month. That constitutes the smallest gain since +111k in January. Composite and service-sector purchasing manager readings for the euro area in May of 52.2 (a one-year high) and 53.2 (a 3-month low but the fourth straight score above 50) appear to […]
ADP’s monthly calculation of U.S. private-sector employment growth rose by a less-than-anticipated 152k last month. That constitutes the smallest gain since +111k in January. Composite and service-sector purchasing manager readings for the euro area in May of 52.2 (a one-year high) and 53.2 (a 3-month low but the fourth straight score above 50) appear to […]
