ADP Private Payroll Survey Shows Accelerating U.S. Employment Growth
The ADP number has been wildly offbase in recent months but it tends to get the direction of employment growth right.

The ADP number has been wildly offbase in recent months but it tends to get the direction of employment growth right.

A total of 5.37 million jobs added in May and June

The AP private payrolls report suggests the labor market may be healthier than it has looked.

The hardest-hit sector was leisure and hospitality, which shrank by 8.6 million jobs in April.

The private sector added just 67,000 jobs in November, the fewest since May and well below expectations, ADP said.

Private sector payrolls added just 27,000 new jobs in May, according to a report Wednesday from Moody’s Analytics and ADP.

Maybe the labor market did not suffer as much as expected during the government shutdown.

“Tariffs have yet to materially impact jobs,” the chief economist of Moody’s Analytics said.

Over the past year, America’s private sector has added an average of 190,000 new jobs. That blistering pace of hiring is nearly double the rate of growth of the workforce, pushing unemployment down and then down some more.

Payroll processing company Automatic Data Processing (ADP) reports that jobs grew by 241,000 in March.
