Economists: U.S. May ADP private sector employment is expected to be similar to April's data

```htmlGolden Ten Data reported on June 3 that Dave Sloan, Senior Economist at Continuum Economics, expects the US May ADP private sector employment to increase by around 100 thousand, roughly in line with the April increase of 109 thousand. The April growth was the strongest performance since January 2025. However, he pointed out that this estimate is still below the implied momentum from the ADP weekly employment reports for the week ending May 9. Based on an average of 37,750 jobs added per week over the past four weeks, the corresponding monthly increase should be stronger. He added that it is noteworthy that the trend in ADP weekly employment data released in early April is quite similar to the performance in early May. Therefore, from historical experience, the May ADP employment increase may still remain close to the level seen in April.```