9,486.56 TRY BIST 100 BIST 100
39.13 USD USD USD
5.47 CNY CNY CNY
44.55 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
43.24 TRY Interest Interest
67.22 USD Fossil Oil Fossil Oil
46.07 USD Silver Silver
4.86 USD Copper Copper
94.99 USD Iron Ore Iron Ore
333.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,201.45 TRY Gold (gr) Gold (gr)

Private sector employment in the US fell below expectations in May

Private sector employment in the US increased by only 37 thousand people in May, well below expectations.

Private sector employment in the US fell below expectations in May

The data is based on a national employment report produced by the ADP Research Institute in collaboration with the Stanford Digital Economy Lab. The report revealed employment data by analyzing payroll information for more than 25 million workers. The increase was recorded as the lowest employment gain since March 2023. Markets were expecting an increase of about 111 thousand people in this period.

Last month's data was also revised downwards. The employment increase, which was previously announced as 62 thousand in April, was reduced to 60 thousand. Looking at the sectoral breakdown, employment in the services sector increased by 36 thousand in May, while employment in the manufacturing sector decreased by 2 thousand.

According to the employment analysis based on payroll data, annual wage growth was recorded as 4.5% in May. It is noteworthy that hiring, which was strong at the beginning of the year, started to lose momentum in the second quarter.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

MINEXPO KENYA 2025 keeps abreast of important developments in mining

Tuesday, June 10, 2025

ResponsibleSteel and LESS call on Europe to take realistic steps towards steel decarbonization

Tuesday, June 10, 2025

Hybar produces first ribbed rebar at new plant in Arkansas

Tuesday, June 10, 2025

Türkiye's HRC exports increased by 66.8% in April

Tuesday, June 10, 2025

US steel shipments for April increased by 3.1% y/y

Tuesday, June 10, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now