ADP says businesses create the most new jobs in 16 months, as hiring rebounds from long lull

Dow Jones06-03 20:25

MW ADP says businesses create the most new jobs in 16 months, as hiring rebounds from long lull

By Jeffry Bartash

Private sector adds 122,000 jobs in May

A job seeker hold paperwork at a Florida jobs fair.

ADP said U.S. businesses created 122,000 new jobs in May to mark the biggest increase in 16 months, another sign that points to an increase in hiring and a rebound in what's been a very sluggish labor market.

Wall Street forecasters had predicted a 110,000 increase in private-sector jobs last month.

"Hiring was more broad-based in May than we've seen in the last few years," said Nela Richardson, chief economist at ADP, the U.S.'s largest processor of company payrolls. "The labor market continues to show sustained momentum going into the summer hiring season."

ADP is a lead act of sorts for the official U.S. employment report due Friday morning. Economists predict an 80,000 increase in new jobs in May based on information collected by the Bureau of Labor Statistics.

The ADP and BLS reports can vary widely from month to month, but they move in the same direction over time.

The BLS report is more comprehensive and, unlike ADP, it includes government workers.

-Jeffry Bartash

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

June 03, 2026 08:25 ET (12:25 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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