Steady Increase in Job Opportunities Highlights Economic Recovery

In May, private sector employment saw an increase of 152,000 jobs, and annual pay rose by 5.0% year-over-year, according to the May ADP National Employment Report. This report, produced by the ADP Research Institute in collaboration with the Stanford Digital Economy Lab, provides an independent and high-frequency view of the private-sector labor market.

Comprehensive Employment Insights

The ADP National Employment Report offers a detailed analysis of the private-sector labor market based on anonymized payroll data from over 25 million U.S. employees. This fine-grained data provides a representative snapshot of employment trends and pay increases across various industries.

Monthly Employment Changes

The report highlights the total private employment change for the current month, offering valuable insights into the labor market's performance. In May, the addition of 152,000 jobs signifies a positive trend in employment growth, reflecting the resilience and recovery of the private sector.

Annual Pay Growth

Alongside employment growth, the report also reveals a significant year-over-year increase in annual pay, which rose by 5.0%. This rise in wages indicates a strengthening labor market and improved economic conditions for employees across the private sector.

High-Frequency Data for Accurate Analysis

The ADP National Employment Report uses high-frequency data to provide accurate and timely insights into the labor market. By analyzing weekly job data from the previous month, the report offers a nuanced understanding of employment trends and pay dynamics.

The May ADP National Employment Report underscores the positive momentum in the private-sector labor market, with substantial job growth and rising wages. These insights, derived from extensive payroll data, highlight the ongoing recovery and strength of the U.S. economy.