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May 27 2012 11:21
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Washington - The US economy created 55 000 new private-sector jobs in May, the fourth consecutive month of increases amid a slow recovery from recession, payrolls firm ADP said on Thursday.
The seasonally adjusted number was shy of the 60 000 new jobs expected by most analysts.
But ADP revised sharply higher the April jobs gain, to 65 000, from its original estimate of 32 000.
According to ADP, the service sector, which accounts for about 70% of output in the world's largest economy, spawned 78 000 jobs in May, the fourth month running of increases.
The goods-producing sector saw the only decline in employment, shedding 23 000 jobs.
The ADP private payrolls report came ahead of the highly anticipated government jobs report on Friday, which also includes government hiring.
Most analysts expected the Labour Department will report 500 000 nonfarm jobs were created last month, up from 290 000 in April, and the unemployment rate slipped a notch to 9.8% from 9.9%.
- AFP