Private payrolls rose by 278,000 in May, well ahead of expectations, ADP says

• Private sector employment increased by a seasonally adjusted 278,000 for the month, ahead of the Dow Jones estimate for 180,000, ADP reported.
• The ADP report noted that the distribution of job grains was “fragmented” as increases were concentrated in just a few industries.
• Salary growth is still strong showing signs of decelerating, the payroll processing firm said.

Private payrolls rose by 278,000 in May, well ahead of expectations, ADP says (cnbc.com)