Private-sector employment increased by 173,000 in May, on a seasonally adjusted basis, ADP reported Thursday.
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In April, ADP says 166,000 jobs were added, compared to its initial estimate of 156,000 new jobs.
Economists surveyed by IFR Markets estimated a 200,000 ADP job gain projection for May.
"Job growth has moderated this spring as energy companies and manufacturers shed jobs," Mark Zandi, chief economist of Moody's Analytics, said in a release. "Retailers are also more circumspect in their hiring. Despite the recent slowdown, job growth remains strong enough to reduce underemployment."
