U.S. Employment
Private Payrolls Disappoint
U.S. private employers added the fewest number of workers in more than two years in May, but the data is probably not a true reflection of the labor market, which is gradually easing amid economic uncertainty over the Trump administration's tariffs. Private payrolls increased by only 37,000 jobs last month, the smallest gain since March 2023, after a downwardly revised rise of 60,000 in April, the ADP National Employment Report showed on Wednesday. Economists polled by Reuters had forecast private employment would advance by 110,000 following a previously reported increase of 62,000 in April.









.jpg)