On Wednesday, the U.S. ADP employment number for June recorded a decrease of 33,000, lower than the expected 95,000 and the previous value of 37,000. This is the first instance of job contraction since March 2023. This reversal indicates that, even with the Trump administration reducing some extreme tariffs, there are still no signs of improvement in the weak labor market. #ADP就业数据 #小非农增幅创3年多新低