The number of jobs in the United States’ private sector went up by 978,000 in May in comparison to the month before, significantly above expectations, the newest Automatic Data Processing’s (ADP) National Employment Report revealed on Thursday.
According to the survey, most people – 338,000 – were hired in midsized companies. The number of people employed in large businesses increased by 308,000, and in small enterprises by 333,000. The services-providing sector was again the largest contributor to the figure, with 850,000 new jobs, followed by goods-producing with 128,000.
“Private payrolls showed a marked improvement from recent months and the strongest gain since the early days of the recovery,” Nela Richardson, Chief Economist at ADP, said. “Companies of all sizes experienced an uptick in job growth, reflecting the improving nature of the [COVID-19] pandemic and economy.”