ADP says businesses create the most new jobs in 16 months. Hiring rebounds after a lull.

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.

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MarketWatch

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The Iran war hasn’t slowed the economy, but higher inflation leads companies to freeze hiring

The largest part of the economy grew faster in May, even as businesses were coping with the worst inflation in several years — at a cost to job seekers. Many companies have adopted temporary hiring freezes to offset their own rising costs.

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