Private business in the US added 37K workers to their payrolls in May 2025, the lowest since March 2023, compared to a downwardly revised 60K in April and forecasts of 115K.
The services sector added 36K jobs, led by leisure/hospitality (38K), financial activities (20K) and information (8K) while job losses occurred in professional/business services (-17K), education/health (-13K) and trade/transportation/utilities (-4K).
Also, the goods producing sector lost 2K jobs as falls in natural resources/mining (-5K) and manufacturing (-3K) offset a rise of 6K jobs in construction. "After a strong start to the year, hiring is losing momentum. Pay growth, however, was little changed in May, holding at robust levels for both job-stayers and job-changers", said Dr. Nela Richardson, chief economist, ADP.
Source: Trading Economics
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