The US economy added the most jobs since July of 2024 in May, an alternative measure of the overall hiring impulse released on Thursday suggested.

I’m referring, of course, to the Revelio Labs series. I’ll include the usual caveat and quick explainer for those unfamiliar.

With no government shutdowns on the horizon and the BLS likely to remain open for the foreseeable future, alternative metrics like this one are less relevant than they were when government data dissemination was restricted. But for the macro junkies among you, there’s no such thing as “too much data.”

Revelio derives its payrolls tally using individual-level data from more than 100 million online professional profiles. In May, headline hiring on the Revelio series was 123,717, more than double the prior month’s upwardly-revised total.

As the figure reminds you, this series is at least directionally consistent with the BLS’s NFP headline.

The color accompanying Thursday’s release showed notable gains in public administration and construction, as well as in health care and social assistance (the usual suspects, so to speak).

Notably in the context of Tuesday’s JOLTS release, professional and business services added 19,000 jobs. Recall that job openings in that sector rose by a record in April, according to the BLS.

The figures come on the heels of an ADP release which showed private-sector hiring was the strongest of Donald Trump’s second term last month.

Meanwhile, initial jobless claims ticked up to 225,000 for the week to May 30. That was ahead of consensus, but at 214,750, the four-week average remains very (very) subdued.