ADP: Businesses added 173,000 jobs in May

June 2, 2016 12:19 PM

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The private sector added 173,000 jobs in May, payroll processor ADP said Thursday, possibly signaling that a government report will reveal tepid employment growth for a second straight month.

The total matched the estimate of economists surveyed by Bloomberg. Economists estimate the Labor Department’s survey of the public and private sectors, due out Friday, will count 160,000 new jobs. Labor's total, however, is expected to be suppressed by the now-settled Verizon strike, which idled ab...

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