US private sector jobs up unexpectedly in May

---

NEW YORK, June 5 (Reuters): US private-sector employers added 40,000 jobs in May, according to a private report Wednesday by ADP Employer Services that defied Wall Street's expectations of a fall.

The ADP data release comes ahead of the government's monthly jobs report due Friday, one of the biggest events on the monthly economic calendar. A poll shows analysts expect that to show non-farm payrolls fell by 58,000 in May.

Economists' median expectation for the May ADP jobs figure was for a drop of 30,000 jobs, according to a poll.

In April, ADP said, the private sector added 13,000 jobs, which was revised up from the previously reported 10,000.

On Wall Street, stock futures pared their losses after the ADP release. The dollar also trimmed its losses versus the euro and yen.

Government bonds, which usually perform better during weak economic times, shed their earlier gains.