?初请失业金降温与生产率猛增同框 AI洪流之下美国经济“软着陆”底色愈发清晰

Group 1 - The core viewpoint of the article highlights the acceleration of U.S. labor productivity in Q3, reaching a two-year high, driven by AI advancements, which is helping to mitigate inflationary pressures from wages [1][2] - Initial jobless claims increased by 8,000 to 208,000, slightly below market expectations, indicating a recovery in the labor market [1][3] - Non-farm productivity surged at an annualized rate of 4.9%, significantly exceeding the expected 3% growth, while unit labor costs unexpectedly fell by 1.9%, marking the first consecutive quarterly decline since 2019 [2][3] Group 2 - The increase in productivity and the decrease in unit labor costs suggest that U.S. companies are leveraging AI to maintain high efficiency with fewer employees, which is crucial for controlling labor costs [3][4] - Despite a projected slowdown in the labor market in 2025, the U.S. economy grew robustly in Q3, closely linked to the surge in productivity [2][4] - Recent employment statistics indicate a mild expansion in the job market, with December hiring showing a notable increase, reinforcing the narrative of a "soft landing" for the economy [4][5] Group 3 - The ISM data revealed that service sector employment growth reached its strongest level since February, with the service sector PMI rising to 54.4, indicating expansion [6] - Manufacturing employment indicators have contracted for 11 consecutive months, although the rate of decline has slowed compared to previous months [6]