CNBC
03 Jun 2026, 12:17 UTC · 3h ago
Private payrolls grew by 122,000 in May, stronger than expected, ADP reports
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CNBC
03 Jun 2026, 12:17 UTC · 3h ago
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Story key points
4 claims · impact-rated
Private hiring in May added 122,000 workers, exceeding the consensus estimate of 110,000. — Stronger-than-expected job growth suggests economic resilience but may delay interest rate cuts by the Federal Reserve.
+0.40Job gains in May were broad-based, with eight of ten tracked sectors seeing growth. — Diversified hiring across sectors and company sizes indicates a more stable and sustainable labor market recovery than concentrated growth.
+0.30Annual pay for employees staying in their jobs remained flat at 4.4%, while pay for job-switchers declined to 6.5%. — Slowing wage growth for switchers may signal a cooling of inflationary pressures in the labor market.
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6 related stories
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Ticker attribution
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The company is the primary source of positive labor market data, reflecting its central role in payroll reporting.
No ticker relationship head found.
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