Economist: US May ADP private sector employment expected to be roughly similar to April data

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 similar to the 109,000 gain in April. The April increase was the strongest performance since January 2025. However, he noted that this estimate remains below the growth momentum implied by the ADP weekly employment report for the week ending May 9. Based on the average of 37,750 new jobs added per week over the past four weeks, the corresponding monthly increase should be stronger. He added that it is worth noting that the trend of the ADP weekly employment data released in early April is relatively similar to the data released in early May. Therefore, based on historical experience, the ADP employment increase in May may still be expected to remain at a level close to that of April. (Jin Shi)