US ADP Nonfarm Employment Change for May at 152K, Below 175K Estimate

Jun 5, 2024, 12:15 PM

The US ADP Nonfarm Employment Change for May reported an increase of 152,000 jobs, falling short of the estimated 175,000. This figure also marks a decline from the revised previous month's increase of 188,000 jobs and the prior 192,000 jobs. The data suggests a weakening labor market as the actual job growth failed to meet expectations.