The latest ADP National Employment Report revealed that U.S. private sector hiring rose by only 37,000 jobs in May, marking the lowest increase in over two years. This figure significantly missed expectations, which had projected a growth of 115,000 jobs. The report also highlighted an annual pay increase of 4.5%. Following the disappointing job data, stock market futures for the Dow, S&P 500, and Nasdaq reflected a decline as investors reacted to the weaker economic signals. The sluggish hiring pace raises concerns about the overall health of the labor market and has sparked discussions on potential Federal Reserve rate adjustments, with former President Trump criticizing the current monetary policy.