U.S. Private Sector Adds 122,000 Jobs in May, Beating Expectations
The ADP National Employment Report for May 2026 showed U.S. private payrolls grew by 122,000, exceeding the Dow Jones consensus of 110,000 and marking the strongest month since January 2025. Job gains were broad-based across eight of ten sectors, led by education and health services (57,000) and trade, transportation, and utilities (36,000). Information services lost 9,000 jobs. Annual pay for job-stayers rose 4.4%, while job-switchers saw 6.5% growth. The report precedes the official Bureau of Labor Statistics nonfarm payrolls release, with markets expecting the Federal Reserve to hold rates steady.
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ADP National Employment Report: 122K Private Jobs Added In May
The ADP National Employment Report released on June 4, 2026, indicated that 122,000 nonfarm private jobs were added in May, marking the largest monthly growth since January 2025. Goods-producing jobs increased by 8,000, while service-providing jobs rose by 114,000. Regionally, the Pacific area led with 25,000 new jobs, while the South Atlantic region was the only area to lose jobs, dropping by 12,000. The report is seen as a precursor to the more comprehensive Bureau of Labor Statistics employment report due later in the week. The data provides insights into labor market trends and economic momentum.
All Articles on Seeking AlphaMay ADP Employment Report Shows Strongest Job Gains in Over a Year
The ADP National Employment Report for May 2026 revealed that US private sector employment increased by 122,000 jobs, marking the strongest monthly gain since January 2025 and signaling accelerating labor market momentum. Service sector hiring led the gains, with education and health services adding 57,000 positions. Small businesses contributed 67,000 jobs, matching the combined total from mid-sized and large firms. Annual pay growth remained stable above 4%, supporting a narrative of robust labor demand despite persistent inflation and external economic shocks. The strong labor data is driving Treasury yields higher and reinforcing market expectations for potential Federal Reserve rate hikes amid tightening global monetary policy. The report serves as a precursor to the official Bureau of Labor Statistics jobs report.
All Articles on Seeking AlphaADP May 2026 Jobs Report: Private Sector Adds 122,000 Jobs, Beating Expectations
The ADP National Employment Report for May 2026 showed private sector employers added 122,000 jobs, the strongest monthly total since January 2025 and exceeding the Dow Jones economist forecast of 110,000. April's figure was revised down to 105,000 from 109,000. Gains were broad-based across employer sizes and regions, with nine of ten industries monitored posting positive results. Education and health services led with 57,000 new positions, followed by trade, transportation, and utilities at 36,000. Small firms with fewer than 50 employees contributed 67,000 jobs. Annual pay for job-stayers grew 4.4% (unchanged from April), while job-changers saw 6.5% growth (down from 6.6%). The report precedes the Bureau of Labor Statistics' nonfarm payrolls report, expected to show about 85,000 jobs added. Markets anticipate the Federal Reserve will hold interest rates steady at 3.5%-3.75% at its June 16-17 meeting.
Yahoo FinanceADP May 2026 Jobs Report: Private Sector Adds 122,000, Beating Expectations
The ADP National Employment Report for May 2026 showed private sector employers added 122,000 jobs, the strongest monthly total since January 2025 and above the Dow Jones economist consensus of 110,000. April's figure was revised down to 105,000 from 109,000. Gains were broad-based across employer sizes and regions, with education and health services leading at 57,000 jobs, followed by trade, transportation, and utilities at 36,000. Small businesses with fewer than 50 employees contributed 67,000 jobs. Annual pay for job-stayers grew 4.4% (unchanged from April), while job-changers saw a 6.5% increase (down from 6.6%). The report precedes the Bureau of Labor Statistics' official nonfarm payrolls report, for which Wall Street expects an increase of roughly 85,000 jobs. Markets have fully priced in the Federal Reserve holding its benchmark rate at 3.5%-3.75% at its June 16-17 meeting.
Yahoo FinancePrivate sector adds 122,000 jobs in May, above expectations, ADP says
The ADP National Employment Report released on June 3, 2026, showed that U.S. private sector employers added 122,000 jobs in May, exceeding economists' expectations of 117,000. The prior month's gain was revised down to 105,000 from 109,000. Education and health services led job creation with 57,000 positions, followed by trade, transportation and utilities (36,000), and professional and business services (11,000). Leisure and hospitality and construction each added 8,000 jobs. Information lost 9,000 jobs, and natural resources and mining lost 3,000. Small businesses with fewer than 50 employees contributed 67,000 jobs, while large firms added 40,000. ADP chief economist Nela Richardson noted broad-based hiring and sustained labor market momentum. The report precedes the Labor Department's nonfarm payrolls report expected Friday, which is forecast to show 85,000 new jobs.
Yahoo FinancePrivate payrolls grew by 122,000 in May, stronger than expected, ADP reports
ADP reported that private payrolls increased by 122,000 in May 2026, surpassing the Dow Jones consensus estimate of 110,000 and marking the strongest month since January 2025. Job growth was notably broad-based across eight of ten sectors, a shift from prior months when gains were concentrated in healthcare. Education and health services led with 57,000 hires, followed by trade, transportation, and utilities (36,000), professional and business services (11,000), and construction and leisure and hospitality (8,000 each). Information services lost 9,000 jobs, possibly due to AI growth, and natural resources and mining lost 3,000. Annual pay for job-stayers rose 4.4%, while job-switchers saw 6.5% pay growth. The report comes ahead of the Bureau of Labor Statistics' May nonfarm payrolls release, with markets expecting the Federal Reserve to hold interest rates steady at 3.5%-3.75%.
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