Private Sector Employment Lost 2.76 Million Jobs in May
Roseland, NJ, June 3, 2020 – Private sector employment decreased by 2,760,000 jobs from April to May, according to the May ADP National Employment Report.
Small businesses lost 435,000 jobs; medium businesses lost 722,000 jobs; and large businesses lost 1,604,000 jobs.
The goods-producing sector lost 794,000 positions, while the service-providing sector lost 1,967,000 positions.
Franchise employment fell by 254,100 jobs.