Ty Roush is a breaking news reporter based in New York City.Jun 03, 2026, 08:26am EDTToplineSmall businesses once again accounted for most of the private sector’s stronger-than-expected growth last month, according to a report from the payroll processing firm ADP, as further data points to a stable market despite a slowdown in total employment.Earlier data pointed to a stable job market, even as total employment slowed. Getty ImagesKey FactsPrivate sector payrolls increased by 122,000 in May, ADP reported, up from April’s 105,000 added jobs and consensus analyst projections of 120,000, according to FactSet.This is a developing story.LOADING VIDEO PLAYER...FORBES’ FEATURED Video
Small Businesses Boosted Private Sector Employment Last Month—These Industries Added The Most Jobs
Earlier data pointed to a stable job market, even as total employment slowed.
TL;DRAI
Small businesses delivered 122,000 new private sector jobs in May, beating the 120,000 consensus forecast according to ADP. Market stability amid slowing employment indicates sustained hiring—significant signal for tech recruitment strategy and budget allocation.
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