A report released by payroll processor ADP on Thursday showed private sector employment in the U.S. spiked by much more than expected in the month of May.ADP said private sector employment soared by 978,000 jobs in May after surging by a downwardly revised 654,000 jobs in April.Economists had expected private sector employment to increase by 650,000 jobs compared to the addition of 742,000 jobs or...
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Business News
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.