May ADP Employment Change: Down 532K, vs. Consensus -525K; April Revised Down to -545K

June 3, 2009 8:15 AM EDT

The ADP Employment report shows a 532,000 drop during the month of May, which compares to the consensus of -525,000, and a reading of -491,000 in April.

Also, ADP revised its April employment change from -491,000 to -545,000.

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