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ADP Reports US Economy Added The Most Jobs In 16 Months In May
ADP Reports US Economy Added The Most Jobs In 16 Months In May
Following a shockingly strong JOLTS report, ADP just reported a stronger than expected rise in jobs added in May.
ADP says 122k jobs were added in May - better than the 120k expected - and the biggest monthly addition since January 2025
Source: Bloomberg
"Hiring was more broad-based in May than we've seen in the last few years," said Dr. Nela Richardson, Chief Economist, ADP.
"The labor market continues to show sustained momentum going into the summer hiring season."
Small businesses added...
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