【环球财经】美国5月非农就业超预期但增速放缓 制造业就业人数减少

Group 1 - The U.S. non-farm employment growth slowed in May, with an increase of 139,000 jobs, which is below the revised 147,000 jobs in April, indicating a cautious labor market due to tariff uncertainties [1] - The unemployment rate remained stable at 4.2% for the third consecutive month, reflecting overall stability in the labor market [1] - Average hourly wages increased by 3.9% year-on-year, surpassing the previous value of 3.8% and the expected 3.7%, with a monthly increase of 0.4% [1] Group 2 - Analysts suggest that this year's employment growth partly reflects companies hoarding labor amid the uncertainty of Trump's tariff policies, which hinders long-term planning [2] - Financial markets expect the Federal Reserve to maintain the benchmark interest rate at 4.25%-4.50% until September, with good wage data potentially lowering rate cut expectations [2] Group 3 - Following the latest non-farm report, futures traders expect the Federal Reserve to cut rates twice this year, in September and December [3] - Fed officials continue to support a wait-and-see approach regarding interest rates, citing inflation risks and stable labor market conditions [3] - Analysts indicate that more signs of weakness in the labor market are needed before the Fed considers rate cuts [3]