US ADP employment dropped -2760k, job loss likely peaked

<p>US ADP report showed only -2760k contraction in private sector jobs in May, well below prior months -19557k. By company size, small businesses lost -435k jobs, medium businesses lost -722k, large businesses lost -1604k. By sector, goods-producing companies lost -794k, service-providing companies lost -1967k. “The impact of the COVID-19 crisis continues to weigh on businesses […]</p>
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