知名经济学家马克・赞迪近期开始担忧劳动力市场走弱以及潜在的经济衰退风险。 在周三发布的《财富》杂志专访中，赞迪表示，许多美国人早已处于 "财务边缘"。 他称，若裁员速度加快，那么 "无疑会引发就业衰退"。 最新数据显示，失业率自年初以来持续小幅攀升，从 1 月的 4.0% 升至 9 月的 4.4%，创下四年新高，这 一数据意味着更多美国人求职却未能成功入职。20 至 24 岁的年轻劳动者失业率更是高达 9.2%，是整 体失业率的两倍多。 不过，美国经济也存在一个积极信号：美国独立企业联合会发布的另一项调查显示，11 月小型企业信 心指数小幅回升，更多雇主表示计划在明年年初招聘员工。 责任编辑：郭明煜 知名经济学家马克・赞迪近期开始担忧劳动力市场走弱以及潜在的经济衰退风险。 在周三发布的《财富》杂志专访中，赞迪表示，许多美国人早已处于 "财务边缘"。 赞迪指出，劳动力市场的放缓始于今年 4 月唐纳德・特朗普总统推出全球两位数关税政策之后。他 说："如果观察就业增长真正陷入停滞的时间点，会发现就在'解放日'之后不久。" 周二发布的最新职位空缺与劳动力流动调查报告（JOLTS）显示，10 月的裁员率从 9 月的 1 ...

美国11月私营部门就业岗位意外减少3.2万个 中新社纽约12月3日电 美国自动数据处理公司3日发布的数据显示，美国11月私营部门就业岗位意外减 少3.2万个。分析称，该数据反映出私营企业的裁员情况，一定程度上加剧了对美国劳动力市场走弱的 担忧。 本文为转载内容，授权事宜请联系原著作权人 中新经纬版权所有，未经书面授权，任何单位及个人不得转载、摘编或以其它方式使用。 关注中新经纬微信公众号(微信搜索"中新经纬"或"jwview")，看更多精彩财经资讯。 数据显示，2025年下半年，美国就业增长停滞不前。11月，私营部门就业岗位减少了3.2万个。其中， 制造业、专业和商业服务业、信息业、建筑业的招聘情况尤为疲软。同期，薪酬增长也呈下行趋势。 数据显示，11月，员工数少于50人的小型私营企业减少了12万个就业岗位，创下自2020年5月以来的最 大单月降幅。从区域上看，美国东北部和南部地区的就业岗位显著减少。 自动数据处理公司首席经济学家内拉·理查森表示，由于雇主需面对消费者谨慎情绪及不确定的宏观经 济环境，近期招聘市场起伏不定。虽然11月的招聘放缓是普遍现象，但主要原因是小型企业的就业岗位 减少。 彭博社报道称，此 ...

责任编辑：刘明亮 美国公司11月就业人数减少3.2万人，为2023年初以来最低水平，加剧了对劳动力市场明显走弱的担 忧。 根据ADP Research周三公布的数据，11月私营部门就业人数减少3.2万。过去六个月，就业人数已有四 次录得下降。接受调查的经济学家的预估中值为增加1万。 美国公司11月就业人数减少3.2万人，为2023年初以来最低水平，加剧了对劳动力市场明显走弱的担 忧。 根据ADP Research周三公布的数据，11月私营部门就业人数减少3.2万。过去六个月，就业人数已有四 次录得下降。接受调查的经济学家的预估中值为增加1万。 责任编辑：刘明亮 ...

【美联储鸽派不足，黄金收复部分失地仍收跌】黄金价格收复部分早盘失地，但仍处于下跌区间。美国 最新数据显示，上周首次申领失业救济金人数大幅下降，不过更全面的数据表明，全美劳动力市场正整 体走弱。过去三个月，美国平均每月新增就业岗位不足3万个，远低于今年初每月超10万个的增长水 平。尽管美联储已实施降息并释放"后续将进一步宽松"的信号，但因投资者认为其政策前景"不如此前 预期的鸽派"，黄金价格在盘中早些时候曾下跌逾1%。 本文由 AI算法生成，仅作参考，不涉投资建议，使用风险自担 ...

Market Overview - The U.S. stock market showed mixed results with the Nasdaq reaching a record closing high, driven by signals of a tight labor market and controlled inflation, suggesting a potential interest rate cut by the Federal Reserve next week [1][3] - The Dow Jones Industrial Average fell by 273.78 points (0.59%) to 45834.22, while the Nasdaq rose by 98.03 points (0.44%) to 22141.10, and the S&P 500 decreased by 3.18 points (0.05%) to 6584.29 [1] - All three major indices recorded weekly gains, with the Dow up 0.95%, Nasdaq up 2.03%, and S&P 500 up 1.59%, marking the best weekly performance for the S&P 500 since early August [1] Economic Indicators - The Consumer Price Index (CPI) for August rose by 0.4% month-over-month, exceeding the expected 0.3%, but the year-over-year increase of 2.9% met expectations [1][2] - Initial jobless claims unexpectedly surged to 263,000, the highest level since October 2021, significantly above the expected 235,000 [2][3] Federal Reserve Outlook - Analysts suggest that the recent labor market data strengthens the case for a dovish shift by the Federal Reserve, with expectations of a rate cut of 25 basis points at the upcoming meeting [2][3] - Market pricing indicates a 93% probability of a 25 basis point cut, with a 7% chance of a larger 50 basis point cut [5] - Some economists predict that the Federal Reserve may implement a total of 125 basis points in cuts over the next five meetings, with expectations of four consecutive 25 basis point cuts [5][6] Company-Specific News - Adobe reported better-than-expected Q3 earnings and raised its full-year revenue guidance [7] - Goldman Sachs downgraded Novartis to a "sell" rating [8] - Advanced Micro Devices (AMD) began bulk deliveries of NVIDIA's Blackwell Ultra systems [9] - Microsoft signed a non-binding agreement with OpenAI to reshape their partnership [10] - Xpeng Motors unveiled its first range-extended SUV [11]

Hot News - From January to July, the cumulative total electricity consumption of the whole society was 5,863.3 billion kWh, a year-on-year increase of 4.5%. Among them, the power generation of industrial enterprises above designated size was 5,470.3 billion kWh [1] - On August 18, 2025, Chinese Ambassador to the United States Xie Feng met with Richard N. Haass, President of the Council on Foreign Relations. They exchanged views on China-US relations and economic and trade cooperation. Ambassador Xie introduced China's efforts to build a new development pattern and promote high-level opening-up and stated China's principles and positions on developing China-US relations [1] - Former St. Louis Fed President James Bullard, a top candidate for the next Fed chair, called for a 100-basis-point interest rate cut this year and further cuts in 2026. He believes the current interest rate is a bit high and that a cut of about 100 basis points by 2026 could start at the September meeting, with further actions possible this year [1][4] - The number of initial jobless claims in the US last week recorded the largest increase in nearly three months, indicating an increase in layoffs and further signs of a weakening labor market. For the week ending August 16, the seasonally adjusted number of initial jobless claims increased by 11,000 to 235,000, the largest increase since the end of May [2] Key Concerns - The night - time trading performance focuses on coking coal, styrene, caustic soda, corn, and urea [3] - In terms of sector performance, non-metallic building materials rose 2.84%, precious metals 26.16%, oilseeds 12.70%, non - ferrous metals 21.82%, soft commodities 2.62%, coal, coke, steel and minerals 14.41%, energy 3.29%, chemicals 11.83%, grains 1.26%, and agricultural and sideline products 3.07% [3] Sector Positions - The chart shows the changes in the positions of commodity futures sectors in the past five days, including Wind agricultural and sideline products, Wind grains, Wind chemicals, Wind energy, Wind coal, coke, steel and minerals, Wind non - ferrous metals, Wind comprehensive commodities, Wind soft commodities, Wind oilseeds, Wind precious metals, and Wind non - metallic building materials [5] Performance of Major Asset Classes | Asset Class | Name | Daily Return (%) | Monthly Return (%) | Year - to - Date Return (%) | | --- | --- | --- | --- | --- | | Equity | Shanghai Composite Index | 0.13 | 5.54 | 12.51 | | | SSE 50 | 0.53 | 3.10 | 6.61 | | | CSI 300 | 0.39 | 5.21 | 8.98 | | | CSI 500 | - 0.36 | 7.67 | 17.09 | | | S&P 500 | - 0.40 | 0.49 | 8.31 | | | Hang Seng Index | - 0.24 | 1.34 | 25.15 | | | German DAX | 0.07 | 0.95 | 22.02 | | | Nikkei 225 | - 0.65 | 3.75 | 6.81 | | | UK FTSE 100 | 0.23 | 1.93 | 13.90 | | Fixed - Income | 10 - year Treasury Bond Futures | 0.06 | - 0.45 | - 0.85 | | | 5 - year Treasury Bond Futures | 0.06 | - 0.26 | - 1.02 | | | 2 - year Treasury Bond Futures | 0.00 | - 0.03 | - 0.63 | | Commodity | CRB Commodity Index | 0.00 | - 1.26 | - 0.24 | | | WTI Crude Oil | 1.26 | - 8.26 | - 11.71 | | | London Spot Gold | - 0.25 | 1.50 | 27.24 | | | LME Copper | 0.04 | 1.22 | 10.74 | | | Wind Commodity Index | - 0.93 | - 2.27 | 12.99 | | Other | US Dollar Index | 0.42 | - 1.40 | - 9.06 | | | CBOE Volatility Index | 0.00 | - 6.16 | - 9.57 | [6] Main Commodity Trends - The report presents the trends of major commodities such as the Baltic Dry Index (BDI), CRB Spot Index, WTI crude oil, London spot gold, London spot silver, LME 3 - month copper, CBOT soybeans, and CBOT corn, as well as the ratios of gold to oil and copper to gold, and the risk premiums of stock indices [7]

（文章来源：新华财经） 新华财经北京8月21日电美国上周初请失业救济人数录得近三个月来最大增幅，显示裁员或在增加，进 一步加剧劳动力市场走弱的迹象。 美国劳工部周四表示，截至8月16日当周，失业救济初请人数经季调后增加1.1万至23.5万，这是自5月底 以来最大增幅。随着企业应对贸易政策，劳动力市场已呈现"低裁员、疲弱招聘"的局面。美国政府本月 初报告称，过去三个月就业平均每月增加3.5万个岗位。 数据还显示，截至8月9日当周，续请失业救济人数增加3万人至197.2万，创2021年11月以来最高水平。 美国至8月16日当周初请失业金人数四周均值22.625万人，前值22.175万人。 ...