Newsletter summary

Recently, US ADP employment data showed that employment increased by 19% in April.Bigbuckhunterarcadegame.200,000, exceeding expectations, the March data increased from 18.Bigbuckhunterarcadegame.40, 000 up to 208000. Wages rose 5 per cent year-on-year, the lowest increase in recent years. Employment growth in the leisure and hotel sectors was strong, with the largest increase in hiring by large companies.

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[the ADP employment report exceeded expectations, and the US labor market showed a strong trend.] the US ADP employment report was released on Wednesday, May 1, and the number of ADP employment in the United States increased by 192000 in April, exceeding the expected figure of 180000. At the same time, the March figure was revised from 184000 to 208000, further confirming thatBigbuckhunterarcadegameThe strength of the US labor market. ADP wage data show that workers' wages rose 5% year-on-year, the lowest increase in recent years, which brings to the Fed, which expects wage inflation to cool down.BigbuckhunterarcadegameA little consolation. Nonetheless, US inflation is still stickier than many economists and policy makers expected. In terms of industry distribution, the employment growth in the leisure and hotel industries was the most significant, with 56000 new jobs and 35000 in the construction industry. Trade, transport and utilities, as well as education and health services, all achieved employment growth of 26000, professional and commercial services by 22000, and financial activities by 16000. It is particularly noteworthy that large companies with 500 or more employees have done particularly well in hiring, with an increase of 98000. Nela Richardson, chief economist of the ADP, pointed out that job growth in April covered a wide range of industries, but the information sector-including telecommunications, media and information technology-underperformed, unemployment rose and wages rose at their lowest level since August 2021. However, the market risk still exists and the investment should be cautious. This article does not constitute personal investment advice, investors should carefully consider whether it is suitable to invest according to their own investment objectives, financial situation and needs.

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