Economic Indicator Roundup
Private-Sector Employment: Employment in the private sector rose a seasonally adjusted 38,000 May, according to the latest
ADP National Employment Report
. The estimated change in April was revised down to 177,000 from the previous estimate of 179,000.
Manufacturing Activity: The Institute for Supply Management’s
index of economic activity in the manufacturing sector decreased 6.9 percentage points to 53.5 in May, indicating continued growth but at the slowest pace in the past year.
Construction Spending: Construction spending was up a seasonally adjusted 0.4 percent in April but down 9.3 percent from a year ago, according to the Commerce Department
Courtesy of ICBA.