行情回顾： 国际黄金周四（12月4日）震荡收跌，开盘价4216.28美元/盎司，最高价4225.12美元/盎司，最低价4174.95美元/ 盎司，收盘价4207.46美元/盎司。 消息面： 美国11月挑战者企业裁员人数环比大降53.4%至7.1321万人，前值15.3074万人；美国上周初请失业金人数录得 19.1万人，为2022年9月24日当周以来新低，不及市场预期的22万人。 分析称，本周数据恰逢感恩节假期，存在因人们未及时提交申请而导致数字被显著低估的极大风险。业内联系 人指出，在历史上，日历构成相似的年份，该数据通常也会低于20万人。因此，如果下周数据出现反弹，无需 感到意外。四周移动平均值受此影响被拉低至21.47万人。持续领取失业金人数反映的是感恩节前一周的情 况，该数据延续了近期下降趋势，降至193.9万人，为10月初以来的最低水平。与此同时，Revelio Labs报告显 示，11月美国就业岗位预计净减少约9000个，裁员主要集中在零售贸易、休闲娱乐和制造业；就业增长则来自 教育/医疗以及公共管理领域。这暗示，11月的非农就业总人数可能为负值。芝加哥联邦储备银行最终发布的 11月实时失业率预测 ...

Economic Policy & Job Market - US Treasury Secretary mentioned economic policies will not be altered based on a single data point [1] - The report suggests that revised 2024 job figures may show a reduction of 800,000 jobs [1] - The report indicates that employment data supports the view that the Federal Reserve's actions were slow, as criticized by Trump [1]

Core Insights - The report from the Pew Research Center indicates a concerning trend in the U.S. labor market, with over 1.2 million immigrant workers disappearing from the job market between January and July 2020, closely linked to the strict immigration policies of the Trump administration [1][3][5] Labor Market Impact - Immigrant workers, including those with legal work visas and undocumented individuals, play an essential role in various key industries in the U.S. [3] - Immigrants account for approximately 20% of the U.S. labor market, with significant representation in specific sectors: 45% in agriculture, forestry, fishing, and livestock; 30% in construction; and 24% in the service industry [3][5] Employment Contribution - Over the past decade, immigrants have contributed to more than 50% of new job creation in the U.S. However, the recent halt in immigration at the U.S.-Mexico border has caused a "systemic shock" to the country's job creation capacity [5][6] Sector-Specific Challenges - The agricultural sector is facing a labor shortage crisis due to increased immigration enforcement, leading to significant losses, such as tons of ripe fruit left unharvested in Florida [5][6] - The construction industry is experiencing job losses in nearly 50% of metropolitan areas, with California being particularly affected, losing 7,200 jobs in the Riverside-San Bernardino-Ontario area and 6,200 in the Los Angeles-Long Beach-Glendale area [5][6] Future Concerns - The healthcare sector may become the next area severely impacted, as 43% of home care workers are immigrants, raising concerns about the availability of caregivers for hospitals and nursing homes [6]