Private payrolls grew by 122,000 in May, stronger than expected, ADP reports
Private payrolls increased by 122,000 in May, surpassing expectations and indicating a stable labor market. This growth was broad-based across various sectors, with education and health services leading the way. The report suggests sustained momentum as the summer hiring season approaches.
- ▪Private hiring grew by 122,000 in May, up from 105,000 in April.
- ▪Eight of the ten sectors tracked by ADP saw job gains, indicating broad-based growth.
- ▪Companies with fewer than 50 employees accounted for the majority of new hires, adding 67,000 jobs.
Opening excerpt (first ~120 words) tap to expand
Private hiring expanded at a brisk pace in May, providing further indication of a stable labor market, ADP reported Wednesday.The payrolls processing firm said companies added 122,000 workers for the month, up from 105,000 in April and better than the Dow Jones consensus estimate for 110,000. May marked the strongest month since January 2025. April's total was revised down by 4,000.Unlike prior months, where job growth was concentrated in healthcare and a few other sectors, gains were more broad-based.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at CNBC — Top.
Discussion
0 commentsMore from CNBC — Top
