• Mon, Mar 2, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--
 TOP NEWS

Indonesia News Portal for Traders | Financial & Business Updates

4 June 2025 19:19  |

US Private Sector Job Growth Lowest in 2 Years: ADP

Private business in the US added 37K workers to their payrolls in May 2025, the lowest since March 2023, compared to a downwardly revised 60K in April and forecasts of 115K.

The services sector added 36K jobs, led by leisure/hospitality (38K), financial activities (20K) and information (8K) while job losses occurred in professional/business services (-17K), education/health (-13K) and trade/transportation/utilities (-4K). Also, the goods producing sector lost 2K jobs as falls in natural resources/mining (-5K) and manufacturing (-3K) offset a rise of 6K jobs in construction.

Meanwhile, annual pay growth for job-stayers was little changed at 4.5% and pay for job-changers rose 7%, unchanged from April's revised figure. "After a strong start to the year, hiring is losing momentum. Pay growth, however, was little changed in May, holding at robust levels for both job-stayers and job-changers", said Dr. Nela Richardson, chief economist, ADP.

Source: Trading Economics

Related News

GLOBAL ECONOMY

Trump Vows to 'immediately' Negotiate for End to Ukraine ...

President Donald Trump announced Wednesday he and Russia's leader agreed in a phone call to “immediately” begin negotiati...

13 February 2025 12:25
ECONOMY

Australia Unemployment Rate Rises To 4.1%

Australia's Unemployment Rate rose to 4.1% in January from 4.0% in December, official data released by the Australian Bureau ...

20 February 2025 07:46
GLOBAL ECONOMY

Breaking: US Nonfarm Payrolls rise by 143,000 in January vs...

Nonfarm Payrolls (NFP) in the US rose by 143,000 in January, the US Bureau of Labor Statistics (BLS) reported on Friday. This...

7 February 2025 20:40
GLOBAL ECONOMY

Canada To Announce C$29.8 Billion In Retaliatory Tariffs Ag...

Canada will announce C$29.8 billion in retaliatory tariffs against the United States on Wednesday in response to U.S. Preside...

12 March 2025 18:54
BIAS23.com NM23 Ai