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 estimatee 532,000 workers from payrolls last ADP also revised higher its estimate of cuts in Aprilto 545,000 from the previous estimate of The ADP report noted losses across all sizeds and categories of businesses with large busineszs payrolls declining 100,000, medium businessed shedding 223,000 jobs and small businessese cutting 209,000 employees.
The goods-producing sectoer lost 267,000 jobs while the service-producin g sector declined by 265,000 The Labor Department is due to release its jobs report on The average analyst estimate for that reporg of government as well as private payrollsz is a lossof 520,000 payroll positions and an increase in the unemployment rate to 9.2 percentt from April’s rate of 8.9 percent. On Monday, The Institute for Supply Management announced that its factory index rose to the highesf level since last September as new orders posted their first gain since therecession began.
On Tuesday the National Association of Realtore reported that pending salew ofexisting homes, or contracts signed but not closed, rose 6.7 percentt in April, the largest increase in six years.