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Small firms lead the way as private sector adds 201,000 jobs in May
Small firms lead the way as private sector adds 201,000 jobs in May

The private sector added 201,000 jobs in May, a robust improvement over the previous month and a sign the economic recovery is back on track. In its monthly jobs report, the Automatic Data Processing payroll firm said small businesses with 50 employees or less led the way, adding 122,000 of the new jobs, while firms larger than 1,000 employees contributed only 16,000. The job gains were overwhelmingly in the service sector, which accounted for 95% of the new jobs, ADP said. The May report on nonfarm private sector payrolls increased from April’s revised figures of 165,000 new jobs, and showed that recent indications of an economic contraction in the first quarter should be reversed...

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