US Private Sector Adds 37,000 Jobs in May, Trump Urges Fed to Lower Rates

This comes two days before the highly anticipated May jobs report.

A "Now Hiring" sign at a coffee shop in Greensboro, N.C., on Sept. 19, 2024. Madalina Vasiliu/The Epoch Times

The U.S. private sector implemented a hiring freeze last month, as payrolls rose at the lowest level in more than two years.

Payroll processor ADP reported that private payrolls rose by 37,000 in May, the smallest increase since March 2023. This is down from the downwardly adjusted 60,000 in April.