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National job growth rebounds, ADP says

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The pace of nationwide job growth bounced back in May after a slow April, according to Roseland-based ADP.

The payroll and human resources company said in its monthly National Employment Report that the U.S. added 253,000 private-sector jobs from April to May, up from the prior period’s figure of 177,000 jobs gained.

“May proved to be a very strong month for job growth,” Ahu Yildirmaz, vice president and co-head of the ADP Research Institute, said in a prepared statement. “Professional and business services had the strongest monthly increase since 2014. This may be an indicator of broader strength in the workforce, since these services are relied on by many industries.”

The services sector, as usual, led the way, adding 205,000 jobs, while the goods-producing sector added 48,000.

Among industries, professional and business services added 88,000 jobs, while trade/transportation/utilities added 58,000 positions and education/health services grew by 54,000 jobs. Construction gained 37,000 jobs, leading the goods-producing industries.

“Job growth is rip-roaring,” Mark Zandi, chief economist of Moody’s Analytics, said in a statement. “The current pace of job growth is nearly three times the rate necessary to absorb growth in the labor force. Increasingly, businesses’ No. 1 challenge will be a shortage of labor.”

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