US Private Sector Hiring Slows in May, ADP Data Shows
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#5e43e797 ver:0.35

US private sector hiring slowed in May, but job growth remained higher than expected. Sectors like leisure/hospitality and construction contributed to the increase. The strong job market supports consumer spending, while wage growth slows. The Federal Reserve is likely to maintain steady interest rates. The positive labor market performance may impact the financial markets, particularly the EUR/USD currency pair. The ADP Employment Report is a precursor to the government's monthly employment report, influencing monetary policy decisions. Small business hiring growth reflects confidence in the economy. The American job market has seen strong growth, with possible reasons including COVID recovery and federal spending. However, hiring at US companies grew at the slowest pace since the start of the year in May [bda93e47] [27ca69b3] [89d7986e] [8337d0bb] [ba949266] [a02ca76e] [e8d38c7f] [7340128a] [b12fe6d7]....

#newstr #UsPrivateSectorJobGrowth #AdpData #LaborMarket #Manufacturing #JobGains #InterestRateCuts 

 https://here.news/story/5e43e797?ver=0.35