ADP reports that the private sector added 37,000 jobs in May, the weakest monthly gain since March 2023 and well below April’s revised 60,000 gain.

• Goods-producing jobs declined -2,000, with manufacturing down -3,000 and mining down -5,000.
• Service-providing sectors added 36,000 jobs, led by leisure/hospitality (+38k), but business services (-17k) and education/health (-13k) saw sharp declines.
• Medium-sized firms (50–249 employees) added 51,000 jobs, while small (-13k) and large (-3k) firms shed jobs.
• Regionally, the West added 37k jobs, while the Northeast lost -19k.

• Job-stayer wage growth held steady at 4.5% YoY, while job-changer pay growth was unchanged at 7.0% YoY.