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🚨🚨🚨Slowdown in Wage Growth and Sector Movements 🇺🇲

Wage gains also experienced a slight decline, rising by 4.5% compared to last year for those who remained in their jobs, a decrease of 0.1 percentage points from March. However, those who changed jobs saw an increase of 6.9%, an increase of 0.2 percentage points.

🚨🚨🚨In terms of sectors, the leisure and hospitality sector achieved the largest gains by adding 27,000 jobs. Other sectors also saw increases, including trade, transportation, and utilities (21,000 jobs), financial activities (20,000 jobs), and construction (16,000 jobs). In contrast, the education and health services sector lost 23,000 jobs, while information services jobs decreased by 8,000.

🚨🚨🚨The "ADP" estimate is considered a preliminary indicator for the non-farm payroll report that the U.S. Department of Labor will release on Friday, and the results of the two reports often differ significantly. Economists expect job growth of 133,000 jobs in the Labor Department report, which, unlike the "ADP" report, also includes government employment. The unemployment rate is expected to remain steady at 4.2%.