凯德北京投资基金管理有限公司：美6月职位空缺不及预期

Group 1 - The latest data from the U.S. Labor Department shows that the JOLTS job openings fell to 7.437 million in June, below the market expectation of 7.7 million, marking the lowest level since May 2021 [2] - Job openings have decreased by 23% compared to the peak in January, with the ratio of job openings to unemployed individuals dropping from 2:1 to 1.7:1 [3] - The most significant reductions in job openings were observed in the technology sector (-18%) and retail sector (-12%), while healthcare remains in demand [3] Group 2 - With the slowdown in hiring, wage growth has remained below 5% for three consecutive months, and major companies like Amazon and Google have quietly eliminated signing bonuses [4] - Walmart has reduced its starting wage by $1.5 per hour, indicating a trend of "mild disinflation" that may lead the Federal Reserve to reassess its interest rate hike pace [4] - Following the data release, U.S. stock futures rose, and the yield on 10-year U.S. Treasury bonds fell below 4.2%, reflecting a market focus on rising expectations for interest rate cuts rather than recession risks [5]