Summary:
According to ADP data, U.S. private sector job growth slowed in May, with only 37,000 jobs added, far below the expected 130,000 increase.
Jun ADP
2/7/2025 (Wed)
Previous:37k Forecast: 95k
Job growth slowed for the second month in a row at private-sector firms, which added just 37,000 jobs in May, according to the ADP. That came in significantly below expectations for an increase of 130,000.
Trump's sweeping policy moves, especially a whipsaw approach to massive import tariffs, have left businesses in limbo. The bulk of the hiring slowdown came from the goods sector, which lost 2,000 jobs.
Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by EBC or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.
TSMC stock price jumps 4% after Q2 earnings beat and raised 2025 revenue forecast, driven by strong demand for AI and advanced chips.
2025-07-18
S&P 500 closes at an all-time high of 6,304.36, fuelled by strong earnings, resilient consumer data, and cautious optimism across global stock markets.
2025-07-18
Oil prices were stable on Friday, following a rise, as worries over reduced Iraqi supply clashed with fears of lower demand from US tariffs.
2025-07-18
