Private-sector job growth eased from 29,000 and missed forecasts, highlighting softer hiring even as persistent wage gains may complicate the Federal Reserve's policy outlook.
U.S. ADP weekly employment change was a 25,500 increase in the week to May 30, down from the previous 29,000 and below forecasts. The reading points to slower private-sector hiring, while reports of persistent wage gains suggest labor-cost pressures may remain, a combination markets watch for signals on economic momentum, inflation and Federal Reserve policy.