Businesses in the U.S. added more jobs than expected in May, a signal that the economy’s demand for labor is accelerating.
Private-sector payrolls rose by 122,00, ADP Research said Wednesday, the biggest increase since January of 2025. The prior month’s estimate was revised down by 4,000 to 105,000.
The median estimate in an Econoday survey of economists called for a 120,000 increase.
The data on the growth of private payrolls follows Tuesday’s JOLTS report showing far more job vacancies than expected and a low level of layoffs. Both point to a growing appetite for workers even as the Iran war stretches on and gas prices remain high.
The construc…
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