Employment in the US corporate sector rose sharply in May compared to a month earlier.
According to payslip processor ADP, 978,000 new jobs were created last month. That is the strongest increase in months.
The figure was also much stronger than expected, as economists expected that 650,000 new jobs would be created on average. In April, the United States added another 654,000 jobs, according to an adjusted figure.
Improving job numbers seem to indicate that the US job market is recovering from the coronavirus pandemic, helped by the virus vaccinations and the US government’s support measures against the crisis.
ADP’s data anticipates the monthly jobs report released by the US government on Friday. This study also includes developments in the public sector.
That jobs report was disappointing a month ago, which indicated that the US job market was still struggling with the pandemic. Then the government reported that 266,000 jobs were added in April, taking into account the creation of nearly 1 million jobs.