AI Data Insight

The latest US ISM Manufacturing Employment Index for May (Q2) rebounded significantly to 48.6 from the previous value of 46.4, outperforming the market expectation of 46.6. Although the overall Manufacturing PMI hit a four-year high of 54.0, the employment sub-index remains below the 50 threshold, reflecting that businesses maintain a cautious hiring attitude amid high inflation and geopolitical risks.

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