美国5月就业趋势指数回落 劳动力市场仍显韧性

Group 1 - The Employment Trends Index (ETI) decreased to 107.49 in May 2025, down from the revised 108.00 in April, indicating potential employment slowdown [1] - Despite concerns over tariffs, the May ETI remains above the average levels from 2017 to 2019, suggesting overall labor market stability, although growth momentum has slowed compared to early 2025 [1][2] - Initial jobless claims rose to 235,000, the highest level since July 2024, reflecting potential pressures in the labor market [1] Group 2 - The temporary employment sector saw a decrease of 20,200 jobs in May, marking a significant change in an otherwise stable employment report, with a total loss of 41,600 jobs in this sector over four of the five months this year [2] - The proportion of respondents in consumer confidence surveys who believe "jobs are hard to find" increased to 18.6%, the highest level since 2024, indicating growing concerns about job availability [1][2] - The decline in the ETI was primarily influenced by four negative components: the percentage of respondents who find "jobs hard to find," the number of employees in the temporary employment sector, initial jobless claims, and the number of job vacancies [2] Group 3 - The ETI is composed of eight leading employment-related indicators, which help filter out noise from single data points to present clearer trends in the labor market [3] - The eight leading indicators include: the percentage of respondents who believe "jobs are hard to find," initial jobless claims, the percentage of small businesses that cannot fill positions, the number of employees in the temporary employment sector, the proportion of involuntary part-time workers, the number of job vacancies, industrial output, and actual manufacturing and trade sales [3]