Raising concerns about Friday's jobs report from the Labor Department, payroll processor Automatic Data Processing, Inc. (ADP) released a report on Wednesday showing much weaker than expected private sector job growth in the month of May.
ADP said private sector employment increased by 135,000 jobs in May following a downwardly revised increase of 113,000 jobs in April.
Economists had expected private sector employment to increase by about 171,000 jobs in May compared to the addition of 119,000 jobs originally reported for the previous month.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.