ADP Weak 2nd Straight Month: +37K, but Wages Stable

Wednesday, June 4, 2025The big report out before the opening bell this morning continues “Jobs Week” to start a new month: private-sector payrolls from Automatic Data Processing (ADP) for the month of May. It came out weak for the second straight month: +37K new private-sector jobs created, only a third of the +110K projected. This followed the downwardly revised +60K ADP headline the previous month.This is the lowest tally of new private-sector jobs since the -53K reported back in March 2023, but also look ...