ADP Unemployment Figures Promising

ADP said that there was a 2.76 million drop in payrolls in May, which is a major improvement from April, when the payroll-assistance firm said that they fell by 19.6 million.

Economists were reportedly looking at a drop of nearly nine million.

Large businesses saw a drop of 1.6 million employees, while mid-sized businesses were down by 722,000, and small businesses dropped by 435,000.