Wednesday's jobs report showed U.S. employers added 122,000 workers in May, beating the Dow Jones consensus estimate of 110,000, ADP reports.

Unlike prior months, where job growth was concentrated in healthcare and a few other sectors, gains were more broad-based.

Private companies added a net 122,000 jobs in May, ADP said, compared with 105,000 additions in April and economists expectations of 110,000 new jobs.

ADP said U.S. businesses created 122,000 new jobs in May to mark the biggest increase in 16 months, another sign that points to an increase in hiring and a rebound in what’s been a very sluggish labor market.

Small businesses once again accounted for most of the private sector’s stronger-than-expected growth last month, according to a report from the payroll processing firm ADP, as further data points to a stable market despite a slowdown in total employment.

K vs. +120K consensus and +105K prior (revised from +109K), according to data released by ADP on Wednesday. Annual pay: +4.4% vs. +4.4% in April. Developing… Check back for updates. More on the US Economy Warsh's First Challenge War And New Tariff Threat Strengthen The Dollar Job openings unexpectedly rise

Private sector employment increased by 122,000 jobs in May and pay was up 4.4 percent year-over-year according to the May ADP National