Private payrolls grew by 122,000 in May, stronger than expected, ADP reports
ADP said hiring was broad-based, with eight of 10 sectors adding jobs and pay for job-stayers rising 4.4% from a year earlier.
- On Wednesday, ADP reported private sector companies added 122,000 jobs in May, exceeding the Dow Jones consensus estimate of 110,000 and marking the strongest month since January 2025.
- Unlike previous months where growth concentrated in healthcare, eight of 10 tracked sectors reported gains in May, while April's payroll figures were revised downward to 105,000 jobs.
- Small companies with fewer than 50 employees led with 67,000 new hires, while education and health services added 57,000 positions and large firms with 500 or more employees contributed 40,000.
- Markets anticipate the Federal Reserve will hold benchmark interest rates between 3.5% and 3.75% during its June 16-17 meeting, while investors await the Labor Department's comprehensive nonfarm payrolls report on Friday.
- Annual pay for employees staying in their jobs rose 4.4%, matching April figures, while compensation for job-switchers edged down to 6.5%, revealing divergent wage growth patterns.
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U.S. Job Growth Hit 16-Month High in May.
Stronger-than-expected job growth in May hints at labor market momentum ahead of the summer, especially at small businesses, despite previous reports of historically low consumer sentiment.PULSE POINTS WHAT HAPPENED: More than 120,000 jobs were added to the U.S. economy in May, surpassing expectations and marking the largest monthly gain since January 2025. DETAIL: Automatic Data Processing (ADP), an American payroll processing multinational, re…
May Jobs Report Beats Expectations: 122,000 Private-Sector Jobs Added
New data from ADP shows private-sector hiring remained strong in May, with employers adding 122,000 jobs—surpassing expectations and marking the largest monthly hiring gain in 16 months. OAN’s Daniel Baldwin reports from the White House as administration officials point to continued job growth, rising wages, and expanding business investment as signs of economic strength. The...
U.S. Private Payrolls Beat Expectations As Hiring Gains Momentum
by Emmitt Barry, Worthy News Washington D.C. Bureau Chief (Worthy News) – U.S. businesses added more jobs than expected in May, offering another sign that demand for workers is strengthening despite pressure from the Iran war and elevated gas prices. Private-sector payrolls rose by 122,000 jobs in May, ADP Research reported Wednesday, marking the strongest monthly gain since January 2025. April’s estimate was revised down by 4,000 to 105,000 job…
Private employment in the U.S. grew by 122,000 jobs during May, surpassing forecasts and showing wider recruitment, according to an ADP report
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