Group 1 - The U.S. job market has experienced a significant slowdown, with hiring rates dropping to the lowest level in two years, far below economists' expectations, leading to increased rate cut predictions [1][3] - In May, ADP reported an increase of only 37,000 jobs, which is the lowest since March 2023 and significantly below the expected 114,000 jobs, with the previous month's figure at 62,000 [1][3] - The data indicates a notable decline in employer demand for new employees, contrasting with the relatively stable job growth observed in previous months [3] Group 2 - Key industries such as business services, education, and healthcare are experiencing layoffs, while trade, transportation, and manufacturing are also reducing positions; only the leisure and hospitality sector and financial activities are seeing job growth, which is insufficient to offset declines in other sectors [3] - Wage growth has stagnated, with salary increases for job switchers at 7% and for retained employees at only 4.5% [4] - The upcoming non-farm payroll report is expected to show a slowdown in job growth compared to April, with the unemployment rate remaining stable; however, the ADP data raises concerns about potential policy adjustments by the Federal Reserve [6]
美国5月ADP“爆冷”！就业人数骤降至3.7万人 企业新增岗位创两年新低
Hua Er Jie Jian Wen·2025-06-04 13:05