U.S. Job Growth Surges Past Forecasts with 122,000 May Gains
The result marks the most robust month for private hiring since January 2025, signaling what U.S. analysts describe as a potentially steadying labor market.
Peterson Institute for International Economics nonresident senior fellow Gary Hufbauer welcomed the figures. "The news is better than I expected," he told media.
Falling oil prices are also lending optimism to the outlook. "Now that oil is trading at 95 (U.S. dollars per barrel) with the possibility of an extended ceasefire and a drop below 90 (dollars per barrel), I think the employment outlook has brightened," Hufbauer said.
He projected the momentum would hold in the near term. "I expect the good private sector numbers to continue for the next few months," Hufbauer said.
Unlike recent months — when job creation was largely confined to a handful of industries such as healthcare — May's gains spread across a wider range of sectors, a development economists view as a healthier signal for the broader economy.
ADP chief economist Nela Richardson underscored the shift: "Hiring was more broad-based in May than we've seen in the last few years. The labor market continues to show sustained momentum going into the summer hiring season."
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