Wednesday, June 5th, 2024Jobs Week continues this morning with private-sector payroll data. Automatic Data Processing (ADP) numbers for May came down for the second month in a row to 152K from a downwardly revised 188K for April. This is a drop of -23K private-sector jobs month over month, the steepest drop since January of this year. The Services sector reported a respectable +149K in new non-government jobs, but Goods-producing positions only came in at +3K — less than 20% of total private-sector employme ...