（文章来源：新华财经） 美国就业咨询机构查林杰－格雷－克里斯马斯公司（Challenger, Gray & Christmas, Inc.）当日盘前发布 的数据显示，美国雇主5月裁员人数为9.38万人，低于4月份的10.5万人 由于美国就业市场显现出一定的疲软迹象，市场聚焦于将于6日公布的美国5月份非农就业数据。市场预 期，美国5月份新增12.5万个就业岗位，环比减少5.2万个。 当日美国总统特朗普与特斯拉公司CEO马斯克在社交媒体上就"大而美法案"等相互攻击并相互威胁，两 人关系恶化引发市场对相关公司业绩的担忧。 个股方面，由于马斯克与特朗普当日在社交媒体上相互攻击，特斯拉股价当日暴跌，跌幅一度超过 17%，收盘时下跌14.26%。特朗普媒体集团股价当日则下跌8.04%。 新华财经纽约6月5日电（记者刘亚南）由于投资者在美国发布非农就业数据前保持谨慎和当日就业数据 及权重股下跌拖累，纽约股市三大股指5日高开低走，早盘一度明显走高，随后震荡回落，收盘时纽约 股市三大股指均下跌。 截至当天收盘，道琼斯工业平均指数比前一交易日下跌108.00点，收于42319.74点，跌幅为0.25%；标 准普尔500种股票指数 ...

就业数据或仍强劲 通胀将成关键观察点 市场普遍预期，美国劳工部将于周五公布的5月就业报告将显示失业率连续第三个月维持在4.2%，新增 就业岗位约为13万个，虽低于4月的17.7万，仍高于显示劳动力市场健康所需的10万个基准值。 与此同时，5月消费者价格指数(CPI)预计将出现再加速增长，原因是近期实施的大规模进口关税开始反 映在商品和服务价格中。尽管整体通胀此前已有所降温，4月核心PCE指数年增率为2.1%，略高于美联 储的2%目标，但高企的物价压力仍未完全解除。 智通财经APP获悉，多位美联储高级官员周四表示，在当前经济形势下，通胀压力依然高于就业市场疲 软带来的风险，这暗示美联储可能在更长时间内维持利率不变。 美联储理事阿德里安娜·库格勒在纽约经济俱乐部的讲话中表示，她倾向于继续维持当前的政策利率水 平不变，原因是"通胀上行风险大于就业和产出下行风险"。 "如果通胀的上行风险依旧存在，我将继续支持维持联邦基金利率在当前水平，"库格勒表示。她指出， 近期加征的关税已经对价格产生上行压力，而尽管经济出现一些降温迹象，"尚未构成实质性放缓"。 稍晚些时候，堪萨斯城联储主席杰夫·施密德也表达了类似担忧。他指出，虽 ...

Group 1 - The urban surveyed unemployment rate in China remains around 5.2%, while the expenditure of the unemployment insurance fund is experiencing significant growth, indicating a disparity between the two metrics [1][4][10] - The increase in unemployment insurance expenditure is attributed to policy adjustments made since 2018, which expanded the scope of unemployment insurance to include preventive measures and enhanced support for employment [4][7] - In 2023, the total expenditure on unemployment insurance benefits reached 97.6 billion yuan, accounting for 65.7% of total expenditures, with the remaining funds directed towards employment promotion and livelihood support [4][9] Group 2 - In 2024, the total number of employees in listed companies is expected to grow at a slower pace, with an average monthly salary showing a decline [15][17] - The financial, automotive, construction real estate, and consumer electronics sectors are the largest employers, with state-owned banks employing 6.5% of the total workforce [17][18] - The automotive and export-related sectors are experiencing continuous growth in employee numbers, while retail and real estate sectors are seeing a decline [20][22] Group 3 - To improve the employment environment, it is suggested to enhance the statistical system for employment data, including better monitoring of new employment forms and optimizing statistical methods [28][30] - Breaking down household registration barriers is recommended to allow labor to flow freely according to market demand, optimizing resource allocation and expanding employment opportunities [30][32] - There is a need to improve the unemployment insurance system by increasing coverage and benefit levels to provide basic living support for unemployed individuals, thereby enhancing their re-employment capabilities and stabilizing the employment situation [30][32]

美国明尼阿波利斯联储主席卡什卡利（2026年FOMC票委）：通胀仍然没有回落至2%这一目标。 就业市场出现一些放缓迹象。 ...

Group 1: Job Market Overview - The private-sector payrolls report from ADP for May shows a weak job creation of +37K, significantly below the projected +110K, marking the lowest tally since March 2023 [1][2] - The average job creation over the past four months is only +82K, compared to +197K in the previous four months, indicating a substantial decline in job growth [2] - Goods-producing jobs decreased by -2K, while services added a modest +36K jobs, reflecting ongoing challenges in the labor market [3][4] Group 2: Sector Performance - The Leisure & Hospitality sector gained +38K jobs, followed by Financial Services with +20K and Construction with +6K, while Education & Health Services lost -13K and Professional/Business Services saw a decline of -27K [4] - Medium-sized companies (50-499 employees) led job gains with +49K, while large firms lost -3K and small businesses dropped -13K, highlighting the vulnerability of small-sized companies in the current labor market [5] Group 3: Wage Trends - Job Stayers experienced a +4.5% year-over-year wage increase, while Job Changers saw a +7.0% increase, indicating a generally healthy wage environment despite lower levels compared to previous periods [6] - Wages are stabilizing at robust levels, but there are no strong sectors driving significant hiring, leading to a hesitant job market [7] Group 4: Market Reaction - Following the ADP report, pre-market indexes shifted from positive to negative, with the Dow down -44 points, S&P 500 down -4, and Nasdaq down -20 [8] - Year-to-date performance shows the Dow at -0.7%, S&P at +0.7%, Nasdaq at +2.2%, and Russell 2000 at -6.5%, indicating mixed market sentiment [8]

Group 1 - The ADP report indicates that U.S. private sector job growth slowed to a near standstill in May, with only 37,000 jobs added, the lowest level in over two years, and significantly below the market forecast of 110,000 [1][3] - The report shows a mixed picture in the labor market, with the goods-producing sector losing 2,000 jobs, while the construction industry added 6,000 jobs, partially offsetting losses in other areas [3][4] - In the services sector, leisure and hospitality added 38,000 jobs, while professional/business services and education/health services saw declines, contributing to the overall slowdown in job growth [3][5] Group 2 - The annual salary growth rate for retained employees is 4.5%, while for those who switch jobs, it is 7%, indicating a strong wage growth environment despite the slowdown in job creation [3][5] - Market sentiment remains mixed, with some economists expressing concerns about the limited hiring and low turnover rates, suggesting that the labor market may not sustain its current state for long [5][6] - Federal Reserve officials maintain an optimistic view of the economy, but there are rising concerns about the potential impact of trade policies on inflation and employment [5][6]

实时黄金订单流分析 金市暗流涌动！就业市场和贸易战博弈下，黄金如何交易？订单流又给出哪些进场信号？顺姐正在实时 分析，点击观看 相关链接 ...

劳工统计局在声明中称："由于引入重新设计的当前人口调查（Current Population Survey，CPS）样本时 涉及权重的轻微误差，2025年4月的部分数据估计值将于2025年6月6日修正。劳动力市场主要指标，如 失业率、劳动参与率和就业人口比率均未受影响。尽管许多数据将被修正，但影响微乎其微。" 美国非农就业报告由两项调查组成——一项针对家庭，另一项针对企业。误差源于4月家庭调查开始逐 步采用基于2020年人口普查信息重新设计的样本，这是每十年一次人口普查后进行的常规流程。劳工统 计局表示，加权过程中一个变量的编码错误导致了数据不准确。 美国劳工统计局（BLS）周二宣布，将于周五发布5月非农就业数据时修正4月数据中的"轻微误差"，并 强调此次修正不会影响失业率等关键指标。 周二，美国劳工统计局的另一份数据显示，美国4月份职位空缺意外增加，增幅相当大，且招聘人数也 有所增加，表明尽管经济不确定性加剧，但对工人的需求仍然健康。 美国JOLTS职位空缺从3月份修正后的720万个增加到739万个。而机构对经济学家进行的一项调查的中 值估计为710万个职位空缺。 该数据可能非常不稳定，有时每月会出现多达5 ...

Group 1 - The U.S. job market shows unexpected strength with April JOLTS job openings at 7.391 million, surpassing market expectations of 7.1 million [1][3] - The ratio of job openings to unemployed individuals is currently at 1.0, indicating a balance between supply and demand, similar to pre-pandemic levels [3] - The healthcare, social work, and business services sectors contributed significantly to the increase in job openings, while education sectors are experiencing layoffs [3] Group 2 - April hiring reached a new high of 5.6 million, but layoffs also increased to 1.79 million, the highest since October of the previous year, indicating a volatile job market [5] - The number of voluntary resignations decreased from 3.35 million to 3.2 million, suggesting that workers are hesitant to leave their jobs [5] - Economists predict that the upcoming non-farm payroll report will show a decrease in new jobs to 125,000, while the unemployment rate is expected to remain stable at 4.2% [7] Group 3 - The Federal Reserve is maintaining interest rates in the 4.25%-4.5% range, with potential rate cuts not expected until September [7] - There are concerns regarding the reliability of the JOLTS data due to a low sampling rate, which is only half of what it was a few years ago [7][8] - The job market is described as a "Rashomon" scenario, with conflicting interpretations of the data from different sources [8]

FICC日报 | 2025-06-04 股指低开高走，金融板块表现强势 市场分析 特朗普提高关税。国内方面，美方称中方违反日内瓦会谈共识，对此，外交部发言人林剑表示，商务部发言人此 前已就此阐明中方严正立场。日内瓦共识是中美双方在相互尊重、平等协商的原则下达成的。美方在毫无事实根 据的情况下，对中方抹黑指责，出台对华芯片出口管制、暂停对华芯片设计软件销售、宣布撤销中国留学生签证 等极端打压措施，严重破坏日内瓦共识，也损害了中方正当权益。中方对此坚决反对，已提出严正交涉。林剑强 调，施压和胁迫不是同中方打交道的正确方式。我们督促美方尊重事实，停止散布虚假信息，纠正有关错误做法， 以实际行动维护双方达成的共识。海外方面，特朗普宣布将进口钢铁和铝及其衍生制品的关税从25%提高至50%， 该关税政策自美国东部时间2025年6月4日凌晨00时01分起生效。美国从英国进口的钢铝关税仍将维持在25%。 股指上涨。现货市场，A股三大指数低开高走，上证指数涨0.43%收于33631.98点，创业板指涨0.48%。行业方面， 板块指数涨多跌少，美容护理、纺织服饰、银行行业领涨，家用电器、钢铁、煤炭行业跌幅居前。当日沪深两市 成交 ...