THENATIONALPULSE (Pulse Wires) - U.S. Job Growth Hit 16-Month High in May.
More than 120,000 jobs were added in May, surpassing expectations and marking the largest monthly gain since January 2025.
Stronger-than-expected job growth in May hints at labor market momentum ahead of the summer, especially at small businesses, despite previous reports of historically low consumer sentiment. PULSE POINTS WHAT HAPPENED: More than 120,000 jobs were added to the U.S. economy in May, surpassing expectations and marking the largest monthly gain since January 2025. DETAIL: Automatic Data Processing (ADP), an American payroll processing multinational, reported that 122,000 private sector jobs were added in May, surpassing the projected 120,000. This marks the largest monthly gain since the beginning of last year. According to ADP Chief Economist Dr. Nela Richardson, hiring in May was more broad-based than in recent years, seeing gains across…Open