Payroll giant ADP reported signs of improving employment trends in some sectors, with average pay up 4.4% year-over-year.

U.S. private sector employment climbed by 155K in March, topping the +120K consensus and almost double the 84K added in February, according to the ADP National Employment Report released on Wednesday.

The ADP National Employment Report is an independent measure and high-frequency view of the private-sector labor market based on actual, anonymized payroll data of more than 25 million U.S. employees.

Against that backdrop the 155,000 increase in new private-sector jobs in March, as reported by ADP, came as a relief. Net job creation almost doubled from 84,000 in February.

The report shows that between March 2024 and March 2025, Montana job-stayers saw a 5.4% wage increase and the median annual salary for Montana job-stayers was reported as $62,000.

After the report, fed-funds futures traders gravitated toward a 95.8% likelihood of Fed easing by December and only a 4.2% chance of no interest-rate action at all, according to the CME FedWatch Tool.

ROSELAND, N.J., June 4, 2025 /PRNewswire/ -- Private sector employment increased by 37,000 jobs in May and annual pay was up 4.5 percent year-over-year, according to the May ADP® National ...