US Private Employment Growth Beats Forecasts in May
The latest figure represents the strongest monthly gain in private employment since January 2025, signaling a modest acceleration in hiring activity.
Economists had expected a smaller increase of around 118,000 jobs, meaning the actual result came in slightly above market forecasts.
At the same time, previous data for April was revised downward, with job gains adjusted from 109,000 to 105,000.
Breaking down the May figures, the services sector accounted for most of the growth, adding 114,000 jobs, while the manufacturing sector saw a smaller increase of 8,000 positions.
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