by Calculated Risk on 6/04/2025 08:15:00 AM

From ADP: ADP National Employment Report: Private Sector Employment Increased by 37,000 Jobs in May; Annual Pay was Up 4.5%

“After a strong start to the year, hiring is losing momentum,” said Dr. Nela Richardson, chief economist, ADP. “Pay growth, however, was little changed in May, holding at robust levels for both job-stayers and job-changers.”
emphasis added

This was well below the consensus forecast of 120,000. The BLS report will be released Friday, and the consensus is for 130,000 non-farm payroll jobs added in May.