ADP data shows payrolls at U.S. firms are on the rise

By Olivia Rockeman
Published 2 Min Read

U.S. businesses in May added the most jobs in nearly a year, suggesting companies are making headway filling a record number of vacancies as the economy strengthens.

The 978,000 increase in private payrolls was the largest since June 2020 and reflected a large pickup in hiring in the leisure and hospitality industry, according to ADP Research Institute data released Thursday.

Olivia Rockeman
From Bloomberg News

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