Economist: US May ADP Private Sector Employment Expected to Be Similar to April Figures

Odaily Planet Daily News Dave Sloan, Senior Economist at economic research firm Continuum Economics, expects US ADP private sector employment to increase by around 100,000 in May, roughly in line with the 109,000 gain in April. The April increase was the strongest performance since January 2025. However, he noted that this estimate is still below the growth momentum implied by the ADP weekly employment report for the week ending May 9. Calculated based on the average of 37,750 new jobs per week over the past four weeks, the corresponding monthly increase should be more robust. He added that it is worth noting that the trend in the early April ADP weekly employment data is relatively similar to the data released in early May. Therefore, based on historical experience, the May ADP employment increase may still be expected to remain at a level close to that of April. (Jin Shi)