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美国7月ADP就业人数增加10.4万人超预期,但雇主对招聘决策趋于谨慎
Sou Hu Cai Jing·2025-07-30 13:22

Core Insights - The private sector in the U.S. added 104,000 jobs in July, exceeding economists' expectations but still significantly lower than the average level from the previous year [1][3][7] - Employers are becoming more cautious in hiring decisions due to increasing economic uncertainty surrounding Trump’s policies, leading to a generally weak demand in the labor market [1][7] Employment Data - The ADP report indicates that the increase of 104,000 jobs in July was above the expected 76,000 and a recovery from a previous loss of 33,000 jobs [3] - The growth in employment is primarily driven by the recovery in the service sector, with leisure, hospitality, and financial activities showing the most significant job growth [4] - However, the education and health sectors have experienced a net loss in jobs so far this year [4] Wage Trends - The year-over-year salary growth for employees remaining in the same position was 4.4%, the lowest rate since May 2021, while job switchers saw a 7.0% increase [6] Market Reaction - Following the employment data release, the U.S. dollar index rose approximately 10 points, while U.S. stock futures showed minimal fluctuations, with the Nasdaq 100 futures maintaining a 0.2% increase [8]