FxPro Market Review: ADP Suggests Strong Non

The National regular securities trading platformsADP monthly labor market report shows that the US created 192,000 new jobs in April, exceeding the expected 179,000, with March figures at 208,000 (revised from 184,000).

Overall, the year-over-year wage growth slightly slowed down to 5% from the previous month's 5.1%, but given the high employment rate and the remarkable pace of job creation by historical standards, this growth rate remains quite high.

Alex Kuptsikevich, a senior analyst at FxPro, noted: The report highlighted weaknesses in the information sector, where there were job cuts and a slowdown in wage growth. From the perspective of company size, large enterprises with more than 500 employees (+98K) accounted for the largest share.

When broken down by industry, the construction sector surprisingly increased by 35,000 people, which is a significant number for an industry that makes up only 5% of the workforce. In the service sector, leisure and hospitality (+56K) once again took the lead.

The ADP report has heightened expectations for strong official statistics on Friday. However, due to the market's focus on yesterday's FOMC meeting and a drop in predictive ability in recent months, the Federal Reserve's influence on the market has weakened.

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.