这是市场最想看到的非农! 美国就业超预期增13.9万强化“软着陆”预期

Group 1 - The U.S. labor market showed signs of slight cooling in May, with non-farm payrolls increasing by 139,000, the lowest since February, and previous months' figures revised down by 95,000 [1][2] - The unemployment rate remained steady at 4.2%, while wage growth accelerated, with average hourly earnings rising by 0.4% month-over-month and 3.9% year-over-year, slightly above economists' expectations [2][7] - The report alleviated concerns about a potential recession, as it indicated that employers are cautious but not drastically cutting jobs despite higher costs from tariffs and a slowing economy [1][3] Group 2 - The service sector, particularly healthcare and leisure industries, showed strong performance, while manufacturing jobs unexpectedly decreased by 8,000, marking the largest drop of the year [3][6] - Federal government job cuts totaled 22,000 in May, the largest since 2020, raising concerns about the impact of government spending cuts on the job market [6] - Despite large layoffs from major companies like Microsoft and Disney, job openings in April unexpectedly increased, indicating a mixed picture for the labor market [6] Group 3 - The non-farm payroll data was seen as favorable for the stock market, with predictions from Goldman Sachs and JPMorgan indicating potential increases in the S&P 500 index following the report [8][9] - Market expectations for Federal Reserve rate cuts remain intact, with traders betting on two rate cuts this year, the first likely in September [9][10] - Economists are closely monitoring labor supply and demand dynamics, especially in light of inflation risks associated with tariff policies [7][11]