A National Employment Report was published on May, which was prepared by the ADP Research Institute in cooperation with Stanford Digital Economy Lab.
According to the report, the employment of private sector in the United States has increased at the lowest level since March 2023 with 37 thousand people in May. Private sector employment, which was below market expectations, was expected to increase 111 thousand people in this period.
April data on the increase in private sector employment were revised from 62,000 to 60 thousand.
In May, employment increased by 36 thousand people in the service sector, while 2 thousand people decreased in the production sector.
According to the ADP private employment data calculated using payroll information of more than 25 million employees in the USA, the annual fee in May rose by 4.5 percent.
ADP Research Institute Chief Economist Nela Richardson said in his assessment of data, which makes a strong start to the year, said that recruitment has lost acceleration.
