Private job growth for May accelerated at its fastest pace in nearly a year as companies hired 970,000 workers, according to a report Thursday from payroll processing firm ADP.

It was a big jump from April’s 654,000 and the largest gain since the 4.35 million added in June 2020 as the national economy came out of its Covid-19 lockdown. Economists surveyed by Dow Jones had been looking for 680,000 in May.

The April total was revised sharply lower from the initially reported 742,000.

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