Updated
Updated · TradingView · Jun 3
US Private Sector Growth Softens to 51.5 as Employment Falls at Fastest Pace in 6 Years
Updated
Updated · TradingView · Jun 3

US Private Sector Growth Softens to 51.5 as Employment Falls at Fastest Pace in 6 Years

3 articles · Updated · TradingView · Jun 3

Summary

  • S&P Global’s US Composite PMI slipped to 51.5 in May from 51.7 in April, signaling only modest private-sector expansion as new business growth stayed subdued.
  • Employment dropped at the fastest pace in six years, pointing to a weakening labor market even as manufacturing outperformed softer services activity.
  • Business confidence fell to a 13-month low, adding to signs that firms see weaker demand and a less supportive near-term outlook.
  • Input costs rose at the strongest pace in a year, and companies lifted selling prices more sharply, showing inflation pressures are still being passed on to customers.

Insights

With war and tariffs fueling inflation, is the US economy spiraling into a 1970s-style stagflation crisis?
As an aging workforce and AI create a new labor reality, can the US adapt without mass disruption?