Pantheon Macroeconomics - The unexpectedly small 2,760K drop in the ADP measure of May private payrolls is consistent, at least, with the idea that the partial reopening of several states in the early part of the month prompted an immediate wave of rehiring.

U.S. | 4 June 2020 ADP Suggests Re-hiring Took Off as Soon as Reopening Began
The unexpectedly small 2,760K drop in the ADP measure of May private payrolls is consistent, at least, with the idea that the partial reopening of several states in the early part of the month prompted an immediate wave of rehiring.

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4 June 2020 ADP Suggests Re-hiring Took Off as Soon as Reopening Began

By Ian Shepherdson

The unexpectedly small 2,760K drop in the ADP measure of May private payrolls is consistent, at least, with the idea that the partial reopening of several states in the early part of the month prompted an immediate wave of rehiring.

Posted: 4th Jun 2020 in 'U.S.'

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