US Companies Add 122,000 Jobs, Most Since January 2025 (2)

US companies in May added the most jobs since January 2025, signaling the labor market may be gaining momentum despite rising energy costs sparked by the Iran war.

Private-sector payrolls rose by 122,000 after advancing 105,000 in the prior month, according to ADP Research data out Wednesday. The median estimate in a Bloomberg survey of economists called for a 120,000 increase.

The figures support the view that the labor market may be strengthening after several months of uneven hiring, as job openings climb and layoffs remain low. If confirmed in official government data, the trend ...