Jun 4 • Industry News
Private sector hiring rose by just 37,000 in May, the lowest in more than two years, ADP says
Key Points
- Private payrolls increased just 37,000 In May, below the 60,000 in April and the Dow Jones forecast for 110,000. It was the lowest monthly job total from the ADP count since March 2023.
- Regarding wages, annual pay grew at a 4.5% rate for those remaining in their positions and 7% for job changers, both little changed from April.
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Private sector hiring rose by just 37,000 in May, the lowest in more than two years, ADP says
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