ADP Reports Private Sector Employment Increased Month-Over-Month by 978,000 Jobs in May

According to the April ADP® National Employment Report™, nonfarm private sector employment private sector employment increased by 978,00 jobs from April to May. The ADP National Employment Report is produced by the ADP Research Institute® in collaboration with Moody’s Analytics. The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment each month on a seasonally adjusted basis. In prepared remarks for the release of the report, Nela Richardson, chief economist, ADP said, “Private payrolls showed a marked improvement from recent months and the strongest gain since the early days of the recovery. While goods producers grew at a steady pace, it is service providers that accounted for the lion’s share of the gains, far outpacing the monthly average in the last six months. Companies of all sizes experienced an uptick in job growth, reflecting the improving nature of the pandemic and economy.”