美国5月非农新增13.9万创2月以来新低 前两月数据大幅下修9.5万 失业率4.2%

Group 1: Employment Data - In May, the U.S. non-farm payrolls increased by 139,000, slightly above the market expectation of 126,000, but the previous two months' data were revised down by a total of 95,000, negating the apparent positive performance [1] - The unemployment rate remained stable at 4.2%, matching both expectations and the previous value [2] - Average hourly earnings increased by 0.4% month-over-month, exceeding the expected 0.3%, indicating ongoing wage inflation pressure [3] Group 2: Sector Performance - Manufacturing jobs decreased by 8,000, marking the largest decline this year, while transportation and warehousing saw only slight job growth after two months of decline [3] - The service sector showed resilience, with job growth driven by healthcare, social assistance, and leisure and hospitality industries [4] Group 3: Labor Participation and Economic Impact - The labor force participation rate fell to a three-month low of 62.4%, with a decline in the core working age group (25-54 years) [5] - Federal government layoffs reached 22,000 in May, the highest since 2020, reflecting the initial impact of spending cuts by the Trump administration [3] - Economists warned that as federal spending cuts affect contractors and institutions reliant on public funding, at least 500,000 U.S. jobs could be at risk [3] Group 4: Market Reactions - Following the employment data release, traders reduced bets on two interest rate cuts by the Federal Reserve within the year [3] - The U.S. dollar index rose approximately 10 points, while U.S. stock futures, particularly the Nasdaq 100 index futures, increased by 0.8% [9][10]