Hiring at US Companies Exceeds Expectations, ADP Data Shows

U.S. private payrolls in May exceeded all economists’ forecasts in a Bloomberg survey, according to the ADP, underscoring a resilient labor market that underpins the economy.

The data was jointly calculated by the ADP Research Institute and the Stanford Digital Economy Lab.

Employment growth was led by entertainment and hospitality, with increases in mining, construction, trade and transportation.

See table for detailed statistics.

Original title:Hiring at US Companies Tops All Forecasts, ADP Data Show(excerpt)

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