ADP reports 532,000 May job cuts - The Business Journal of Milwaukee:

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Payroll firm ADP reported Wednesday that companies inthe U.S. cut an estimatexd 532,000 workers from payrolls last month. ADP also revisede higher its estimate of cuts in Aprilto 545,000 from the previouse estimate of 491,000. The ADP report noted losseds across all sizes and categories of businesses with larg business payrollsdeclining 100,000, medium businessez shedding 223,000 jobs and small businessee cutting 209,000 employees. The goods-producingh sector lost 267,000 jobs while the service-producinb sector declined by 265,000 The Labor Department is due to release its jobs reporton Friday.
The averagee analyst estimate for that report of government as well as privat payrolls is a lossof 520,000 payrolo positions and an increase in the unemployment rate to 9.2 percenft from April’s rate of 8.9 percent. On The Institute for Supply Management announced that its factoru index rose to the highesf level since last September as new orders posteds their first gain since the recession On Tuesday the National Association of Realtorz reported that pending sales of existing or contracts signed but not rose 6.7 percent in the largest increase in six years.