Why ADP and JOLTS Are Telling Different Stories

In this episode of The Labor Market Podcast, Lucas and Luna unpack the growing divergence between two closely watched labor market indicators: the ADP private payrolls report and the JOLTS job openings survey. With ADP showing 122,000 jobs added in May—stronger than expected—and JOLTS reporting 7.6 million openings in April, the hosts explore why these numbers seem to be telling different stories about the health of the job market. They dig into the methodology behind each report, the role of small vs. large employers, and what the data means for wage growth and the Federal Reserve's next moves. Lucas also touches on the latest initial jobless claims spike to 225,000 and how that fits into the picture. Tune in for a clear, data-driven breakdown of what these conflicting signals really say about the economy. #ADP #JOLTS #JobOpenings #NonfarmPayrolls #UnemploymentClaims #WageGrowth #FederalReserve #LaborMarket #EmploymentReport #SmallBusiness #LargeEmployers #Economics #EconomicIndicators #FexingoBusiness #BusinessPodcast #MayJobsReport #DataDivergence #JobMarket Keep every episode free: buymeacoffee.com/fexingo