Job Market Booms In May: Payrolls Surge More Than Expected, Wages Increase
Job Market Booms In May: Payrolls Surge More Than Expected, Wages Increase
In response, Treasury yields rose across the board immediately following the report Friday, reflecting rising fears of higher-for-longer interest rates. The two-year yield, which is highly sensitive to short-term rate expectations, spiked from 4.74% to 4.86%.The U.S. labor market sharply outperformed expectations Friday, as monthly employment growth and wage increases in May topped topped forecasts.
美国劳动力市场在上周五远超预期，五月份的就业增长和工资增长高于预期。
U.S. employers added 272,000 nonfarm payrolls in May, down from the downwardly revised 165,000 figure in April, according to the Bureau of Labor Statistics.
根据劳动统计局的数据，美国雇主在五月份增加了272,000个非农就业岗位，低于四月份修订后的165,000，但超过了预期的180,000。
May Jobs Report: Key Highlights
五月份就业报告：关键亮点
- Nonfarm payrolls increased by 272,000 in May, a slowdown from April's 165,000 and far more than the 180,000 increase anticipated by Econoday.
- The unemployment rate inched higher from 3.9% to 4%.
- Average hourly earnings rose by 4.1% year-over-year, up from 3.9% in April and below the expected 3.9% increase.
- Hourly earnings increased by 0.4% on a month-over-month basis, accelerating from the 0.2% in the previous month and above the forecasted 0.3% rise.
- 五月份非农业就业岗位增加了272,000个，比四月份的165,000个有所放缓，但远高于Econoday预期的180,000个增长。
- 失业率从3.9%上升至4%。
- 平均每小时工资同比增长4.1%，高于四月份的3.9%，但低于预期的3.9%增长。
- 每小时工资同比上月增长0.4%，加速自上个月的0.2%，高于预期的0.3%增长。
| Measure | May 2024 | Estimate | April 2024 |
|---|---|---|---|
| Nonfarm payrolls | 272,000 | 180,000 | 165,000 (revised down from 175,00) |
| Unemployment rate | 4% | 3.9% | 3.9% |
| Wage growth (YoY) | 4.1% | 3.9% | 3.9% |
| 量规 | 2024年5月 | 估计值 | 2024年4月 |
|---|---|---|---|
| 非农业就业岗位 | 272,000 | 180,000 | 165,000元 （由175,000修订） |
| 失业率 | 4% | 3.9% | 3.9% |
| 工资增长（同比） | 4.1% | 3.9% | 3.9% |
Market Reactions
市场反应
The hotter-than-anticipated jobs report points to tightening labor market conditions in the U.S., shaking investor optimism about potential interest rate cuts later this year.
超出预期的就业报告表明美国劳动力市场状况趋紧，动摇了投资者对年底降息的乐观情绪。
In response, Treasury yields rose across the board immediately following the report Friday, reflecting rising fears of higher-for-longer interest rates. The two-year yield, which is highly sensitive to short-term rate expectations, spiked from 4.74% to 4.86%.
因此，周五报告后，所有国债收益率都立即上升，反映出投资者对长期利率上升的担忧。短期利率预期高度敏感的两年期收益率从4.74%激增至4.86%。
The U.S. dollar index (DXY), tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:UUP), rallied by 0.5%.
由Invesco DB美元指数群益ETF（纽交所：UUP）跟踪的美元指数（DXY）上涨了0.5%。
Futures on major U.S. indices fell during the premarket on Friday. S&P 500 futures was down by 0.4% at 8:34 a.m., while Nasdaq 100 futures fell by 0.3%.
周五盘前，主要美国股指期货下跌。标普500指数期货于上午8:34下跌0.4%，那斯达克100期货下跌0.3%。
On Thursday, the SPDR S&P 500 ETF Trust (NYSE:SPY) closed with a 1.2% gain.
周四，SPDR标普500 ETF信托基金（纽交所：SPY）收涨1.2%。
Read now: Nvidia Propels Semiconductor Industry To $5.5 Trillion Valuation; Beginning Of Bigger Boom, Says Analyst
立即阅读：英伟达推动半导体行业市值达到5.5万亿美元，分析师称这是更大的繁荣之始。
Photo via Shutterstock.
图片来自Shutterstock。
