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Private Sector Adds 179k Jobs in May; U.S. Economy Grew in all 12 Bank Districts

By: , dated June 4th, 2014
U.S. stocks rallied after yesterday’s loss with the S&P 500 continuing to gain and closing at yet another record high. ADP (ADP) announced today that the private sector added only 179,000 jobs in May, failing to meet expectations. Many economists were predicting that there would be approximately 215,000 jobs added by the private sector in May. The Fed reported today that the U.S. economy grew in all 12 Federal Reserve bank districts in the past month and a half. The Beige Book noted the improvement over the previous report which only showed 10 regions growing.

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