Dave Sloan, senior economist at Continuum Economics, expects US May ADP private payrolls to rise about 100k, roughly matching April’s 109k — April was the strongest since Jan 2025. He says this estimate is below the pace implied by ADP weekly data through the week ended May 9: a four-week average of about 37.75k jobs per week would point to a larger monthly gain. Sloan adds early-April and early-May weekly ADP trends were similar, so historically May’s ADP print could remain close to April’s lev

Dave Sloan, senior economist at Continuum Economics, expects US May ADP private payrolls to rise about 100k, roughly matching April’s 109k — April was the strongest since Jan 2025. He says this estimate is below the pace implied by ADP weekly data through the week ended May 9: a four-week average of about 37.75k jobs per week would point to a larger monthly gain. Sloan adds early-April and early-May weekly ADP trends were similar, so historically May’s ADP print could remain close to April’s level.