Wall Street Jobs Data Tell Diverging Stories in May
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Conflicting data from the BLS and ADP leaves the true health of the financial sector open for debate. The latest U.S. job numbers for Wall Street don’t line up. The U.S. Bureau of Labor Statistics (BLS) reported Friday that employment in the financial activities sector fell by 22,000 jobs in May, with insurance carriers losing 11,000 positions and commercial banking eliminating 3,000 jobs. The ADP National Employment Report , issued a day earlier, however, saw the same sector add 7,000 new jobs,
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