An article summarized by Quartz:

Private employers added 122,000 jobs in May, according to ADP, beating economist expectations of 110,000 and marking the strongest monthly hiring gain since January 2025. April’s job growth figure was revised lower to 105,000. The report suggests the labor market maintained momentum heading into the summer, with hiring gains spread across most industries, company sizes, and regions.

The biggest job gains came from education and health services (+57,000), followed by trade, transportation, and utilities (+36,000). Professional services, construction, and leisure and hospitality also posted increases, while information services and natural resources/mining saw declines. Small businesses led hiring growth, adding 67,000 jobs, ahead of large and mid-sized firms.

Wage growth remained steady, with workers staying in their jobs seeing 4.4% annual pay increases, while job-switchers saw wages rise 6.5% year-over-year. The ADP report arrives ahead of the government’s official jobs data later this week, where Wall Street expects more modest payroll growth. Markets still largely expect the Federal Reserve to keep interest rates unchanged at its upcoming June meeting.

For the article: https://qz.com/adp-private-sector-jobs-may-2026-060326