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美国8月ADP就业新增5.4万人低于预期 约为前一月增幅一半
Zhi Tong Cai Jing·2025-09-04 13:28

Group 1: Employment Situation - In August, the U.S. private sector added only 54,000 jobs, about half of the previous month's increase, falling short of the median forecast of 68,000 jobs [1] - The labor market is showing signs of cooling, characterized by a decrease in job vacancies and a slowdown in wage growth [1][2] - The average job growth over the past six months is the weakest since the pandemic began [1] Group 2: Wage Growth - Wage growth remains stable, with a 7.1% increase for employees who changed jobs and a 4.4% increase for those who stayed in their positions [2] - Employment growth is primarily driven by the leisure and hospitality sectors, while trade, education, healthcare, and manufacturing sectors have seen job reductions [2] Group 3: Economic Outlook - The upcoming government employment report is expected to show a non-farm payroll increase of 75,000 jobs, with a slight rise in the unemployment rate [1] - Concerns about further labor market weakness may lead the Federal Reserve to lower interest rates by 25 basis points in the upcoming policy meeting [1] - A report from Challenger, Gray & Christmas indicates that hiring plans have dropped to the lowest level on record for August, while planned layoffs have increased [2]