May Private Sector Jobs Grow by 37,000 Amid Market Caution
TL;DR Summary
The May ADP National Employment Report shows that private sector employment increased by 37,000 jobs, with annual pay rising by 4.5%, indicating a steady labor market despite a slowdown in hiring momentum since March 2023.
- ADP National Employment Report: Private Sector Employment Increased by 37,000 Jobs in May; Annual Pay was Up 4.5% PR Newswire
- Private-sector firms added just 37,000 jobs in May, the lowest total in more than two years CNN
- Stocks rise, but gains capped thanks to weak jobs data: Live updates CNBC
- Stock market today: Dow, S&P 500, Nasdaq edge higher after big ADP jobs miss Yahoo Finance
- Weakest ADP jobs report in two years points to hiring freeze tied to trade wars. Is the worst over? MarketWatch
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