Private sector hiring rose by just 37,000 in May, the lowest in more than two years, ADP says
1. Private sector job creation stalled, adding only 37,000 jobs in May. 2. Manufacturing sectors lost jobs; leisure and hospitality showed some growth. 3. Wage growth remained robust at 4.5%, indicating strong pay for job changers. 4. Concerns arise over U.S. economic conditions and potential Fed rate decisions. 5. Market shows mixed signals with hiring intentions declining in certain sectors.