ADP(US:ADP) Xin Hua Cai Jing·2025-06-04 13:46Core Insights - In May, U.S. private sector created only 37,000 new jobs, significantly below expectations and marking the smallest increase in over two years, attributed to trade policies making companies hesitant in hiring [1][3] - The majority of new jobs in May came from the service sector, particularly leisure and hospitality, while manufacturing and natural resources/mining saw job losses [1] - The report indicates a potential weakening labor market amid increasing economic uncertainty as employers reduce hiring [3] Employment Data Summary - In May, construction employment increased by 6,000, down from 16,000 in April; manufacturing jobs decreased by 3,000, following a 4,000 increase in April; trade/transportation/utilities jobs fell by 4,000, after a 21,000 increase in April; financial services added 20,000 jobs, consistent with April; professional/business services saw a decrease of 17,000 jobs, compared to a 2,000 decrease in April [1] - Year-over-year wage growth for construction workers was 4.6% in May, down from 4.7% in April; manufacturing wage growth remained at 4.6%; trade/transportation/utilities wage growth was 4.2%, down from 4.3%; financial services wage growth increased to 5.2% from 5.1%; professional/business services wage growth decreased to 4.2% from 4.3% [2]