Job Market Booms In May: Payrolls Surge More Than Expected, Wages Increase
Job Market Booms In May: Payrolls Surge More Than Expected, Wages Increase
The U.S. labor market sharply outperformed expectations Friday, as monthly employment growth and wage increases in May topped topped forecasts.
美國勞動力市場在上週五遠超預期，五月份的就業增長和工資增長高於預期。
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.
根據勞動統計局的數據，美國僱主在五月份增加了272,000個非農就業崗位，低於四月份修訂後的165,000，但超過了預期的180,000。
May Jobs Report: Key Highlights
五月份就業報告：關鍵亮點
- 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.
- 五月份非農業就業崗位增加了272,000個，比四月份的165,000個有所放緩，但遠高於Econoday預期的180,000個增長。
- 失業率從3.9%上升至4%。
- 平均每小時工資同比增長4.1%，高於四月份的3.9%，但低於預期的3.9%增長。
- 每小時工資同比上月增長0.4%，加速自上個月的0.2%，高於預期的0.3%增長。
| 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% |
| 量規 | 2024年5月 | 估計值 | 2024年4月 |
|---|---|---|---|
| 非農業就業崗位 | 272,000 | 180,000 | 165,000元 （由175,000修訂） |
| 失業率 | 4% | 3.9% | 3.9% |
| 工資增長（同比） | 4.1% | 3.9% | 3.9% |
Market Reactions
市場反應
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.
超出預期的就業報告表明美國勞動力市場狀況趨緊，動搖了投資者對年底降息的樂觀情緒。
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，週五報告後，所有國債收益率都立即上升，反映出投資者對長期利率上升的擔憂。短期利率預期高度敏感的兩年期收益率從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美元指數群益ETF（紐交所：UUP）跟蹤的美元指數（DXY）上漲了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%.
週五盤前，主要美國股指期貨下跌。標普500指數期貨於上午8:34下跌0.4%，那斯達克100期貨下跌0.3%。
On Thursday, the SPDR S&P 500 ETF Trust (NYSE:SPY) closed with a 1.2% gain.
週四，SPDR標普500 ETF信託基金（紐交所：SPY）收漲1.2%。
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Photo via Shutterstock.
圖片來自Shutterstock。