The ADP report indicates that employment growth across different industries is mixed. Education and medical care, as well as construction, are leading, while manufacturing employment has seen the largest decline in over a year. Recruitment in leisure and financial services is also weak. This data further demonstrates that despite ongoing price pressures and rising borrowing costs, there is still demand for labor. This is good news for Federal Reserve officials, who are no longer viewing the labor market as a source of inflation and are now focused on maintaining job opportunities.
ADP显示行业就业情况分化，美联储迎来劳动力市场稳定信号
ADP shows a differentiated employment situation in the industry, with the Federal Reserve receiving signals of stability in the labor market.
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