Authorities had sealed off the capital and blocked cellphone services to prevent former prime minister Khan's supporters from gathering
The ADP Employer Services report showed private employers added a scant 38,000 jobs last month, while April private payrolls were revised down to an increase of 177,000 from the previously reported 179,000. Economists surveyed by Reuters had forecast a gain of 175,000 jobs for May.
The report is jointly developed with Macroeconomic Advisers LLC.
“Obviously a much weaker-than-expected report, hinting that Friday’s nonfarm data will also be weaker than expected,” said Camilla Sutton, senior currency strategist at Scotia Capital in Toronto, referring to the US Labor Department’s monthly non-farm payrolls report due for Friday.
“We’ve seen general softening in US data, and that’s a concern about how the recovery is maintaining itself. Markets are starting to turn their attention to this.”
US stock index futures added to losses following the report, while the greenback extended losses against the yen and euro. Government debt prices extended earlier gains.
The ADP figures come ahead of the government’s much more comprehensive labor market report on Friday, which includes both public and private sector employment.
That report is expected to show a rise in overall nonfarm payrolls of 180,000 in May, slowing down from a gain of 244,000 the month before. Private payrolls are expected to come in at 205,000.
Economists often refer to the ADP report to fine-tune their expectations for the payrolls numbers, though it is not always accurate in predicting the outcome.
Authorities had sealed off the capital and blocked cellphone services to prevent former prime minister Khan's supporters from gathering
The strike is part of a highly concerning pattern of unlawful use of force by ISF during military-like operations in the West Bank, the UN rights office said in a statement
Subrahmanyam Jaishankar will be the first Indian foreign minister to visit Pakistan in nearly a decade
The dynamic event will take place at De Montfort University, Dubai, on October
The Forex Expo is a strategic platform for Naqdi to connect with industry leaders, traders of all levels, partners from both IB and Institutional domains and investors
This time, registrants will be able to win a chance to bring two guests to Dubai with Emirates flights and hotel accommodation
More than 10,000 people have died in a decades-long insurgency waged by the Naxalite movement in India's resource-rich tribal heartlands
President Emmanuel Macron should have appointed a prime minister from their ranks, said the left-wing lawmakers