美国经济：非农就业稳健，美联储将保持观望

Employment Data - In May, non-farm employment increased by 139,000, exceeding market expectations of 126,000, despite a downward revision of 95,000 in the previous two months[5] - The unemployment rate slightly rose to 4.24% in April, up from 4.19% in March, marking a near three-year high[5] - The labor force participation rate decreased from 62.6% to 62.4%[5] Federal Reserve Outlook - The probability of a rate cut in July dropped significantly to 16.7% following the employment data release[1] - The Federal Reserve is expected to maintain interest rates steady in June and July, with potential cuts in September and either November or December[2] - Market expectations for policy rates have shifted closer to the Federal Reserve's stance rather than the White House's position[2] Sector Performance - Service sector employment rose from 132,000 to 145,000, indicating resilience in this area, while goods-producing jobs fell from an increase of 11,000 to a decrease of 5,000[5] - Average hourly earnings saw a month-on-month increase of 0.42%, maintaining a year-on-year growth rate of 3.9%[5] - Job openings to unemployed persons ratio remains at 1, below the 2019 level, indicating a balanced labor market[5]