Market Watch
03 Jun 2026, 12:25 UTC · 2h ago
ADP says businesses create the most new jobs in 16 months, as hiring rebounds from long lull
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Market Watch
03 Jun 2026, 12:25 UTC · 2h ago
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Story key points
2 claims · impact-rated
U.S. businesses created 122,000 new jobs in May, the largest increase in 16 months. — Stronger than expected employment growth suggests economic resilience but may also signal persistent inflationary pressure, potentially delaying rate cuts.
+0.40The May data indicates a rebound in a previously sluggish labor market. — A recovery in hiring supports consumer spending and overall GDP growth, which is generally positive for risk assets.
+0.20Ticker attribution
Model heads
ADP is the source of positive labor market data, suggesting a rebound in hiring activity which generally correlates with higher demand for their payroll services.
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