就业市场整体疲软背景下，医疗保健和社会服务行业稳定招聘成为少数避风港。75%年轻求职者更倾向选择医院等稳定场所，而非曾象征高薪机遇的科技巨 头。 7 e l y H 美国劳工部最新就业报告显示劳动力市场疲软：2025年12月新增就业5万个，全年新增58.4万个，较2024年200万个大幅下滑，创下2000年代初以来非经济衰 退时期最低纪录。 这让依赖稳定工作的普通美国人陷入焦虑，就业停滞不再是抽象指标，而是制造业车间、农场田间、运输线路上的真实困境，政策选择的连锁反应持续发 酵。 经济学家马克·赞迪指出，关税政策是核心影响因素。2025年4月关税政策推出后，美国就业市场持续疲软，后续数据修正后或出现净就业下降。 普通劳动者面临切实生存压力：制造业已流失7万个岗位，采矿、伐木和仓储业就业机会缩减数万，从业者或面临失业，或失去晋升加薪可能。关税推高成 本，企业重新评估盈利空间，暂停扩产招聘计划，部分企业裁员维持运营，经营不确定性转化为劳动者职业焦虑。 关税之外，多重政策叠加加剧就业压力。限制性移民政策导致农业、食品加工等依赖移民劳动力的行业用工短缺，也剥夺部分移民稳定就业收入；政府效率 部补贴削减让中小企业失去政 ...

Businesses and consumers began feeling the effects of President Donald Trump’s tariffs in mid-2025. The year was marked by economic uncertainty and inflation, but some experts asserted that as things stabilize, the U.S. may see some advantages from the tariffs. “This year has been very chaotic with the import of raw materials, refined materials and components,” said Matthew Chang, Chang Robotics founder and principal engineer. “It’s required a major reorientation of distributors and resellers … But we now ...

记者8日从工业和信息化部获悉，工业和信息化部、中央网信办、国家发展改革委等八部门联合印 发《"人工智能+制造"专项行动实施意见》（以下简称《意见》），促进人工智能科技创新与产业创新 深度融合、人工智能技术与制造业应用"双向赋能"。 在赋智升级方面，加快重点行业应用赋能，深入开展人工智能赋能新型工业化"深度行"活动；加速 全流程转型升级，深化智能工厂梯度培育，推动大模型技术深度嵌入生产制造核心环节；提升重点企业 应用水平，实施《制造业企业人工智能应用指南》，鼓励龙头企业、央国企等先行先试，深入实施中小 企业数字化赋能专项行动；推进重点区域推广应用，建设并开放一批"人工智能+制造"应用场景，打造 具备行业特色的创新高地；推动重点领域智能化升级，加强人工智能与信息通信网络协同，推动人工智 能与工业互联网平台融合赋能等。 在产品突破方面，推动智能装备迭代，推动人工智能技术融入大飞机、船舶等重大技术装备研发、 制造、运行，发展无人机等智能低空装备，开展搭载自动驾驶功能的智能网联汽车产品测试与安全评 估，有序推进产品准入和上路通行试点；加速智能终端升级，培育智能手机、电脑、平板、智能家居等 人工智能终端，推动具身智能产品 ...

WASHINGTON (AP) — Sluggish December hiring concluded a year of weak employment gains that have frustrated job seekers even though layoffs and unemployment remained low. Employers added just 50,000 jobs last month, nearly unchanged from a downwardly revised figure of 56,000 in November, the Labor Department said Friday. The unemployment rate slipped to 4.4%, its first decline since June, from 4.5% in November, a figure also revised lower. The data suggests a reluctance by businesses to add workers even a ...

Core Viewpoint - Gates Industrial Corporation plc (GTES) is positioned as a global manufacturer in power transmission and fluid power solutions, serving various industries including automotive, construction, and agriculture [1] Stock Performance - Over the past 30 days, GTES has experienced a modest gain of 1.11%, indicating positive momentum, although there has been a slight decline of 1.85% in the last 10 days, which may present a buying opportunity for investors [2][5] Growth Potential - GTES has a significant growth potential of 30.39%, with a target price set at $28.40, making it an attractive option for growth-oriented investors [3][5] Financial Health - The company demonstrates strong financial health with a Piotroski Score of 8, indicating robust fundamentals and efficient operations, which positions GTES as a stable investment choice [4][5]

产业项目重点布局制造业、服务业、文旅康养和农业等领域，既包括创盛碳化硅晶体等制造业项目、宁 国运二期1GW光伏等新能源项目，也涵盖图兰朵葡萄酒小镇、元宝湖康养、贺兰万亩零碳现代渔业科 技产业园等特色项目。基础设施领域将重点推进典农河幸福河湖等生态环保项目及南线物流通道等交通 工程建设，社会民生与房地产领域项目则将分别聚焦增进民生福祉、提升城市居住品质两大方向。 1月7日从宁夏银川市发改委获悉，银川市2026年锚定高质量发展目标，践行"项目为王"理念，精心储备 各类项目1236个，总投资达3515亿元(人民币，下同)，年度计划投资1037.6亿元。 此次储备项目覆盖广泛，涵盖产业、基础设施、社会民生、房地产四大核心领域。其中，产业项目数量 达407个，年度计划投资467.6亿元，占年度总投资的45%；基础设施项目共计519个，年度计划投资 277.8亿元，占年度总投资的27%；社会民生领域项目230个，年度计划投资120.4亿元；房地产项目80 个，年度计划投资171.8亿元。 此次储备的项目中，总投资过亿元项目达256个，年度计划投资767.8亿元，占年度总投资的74%。5亿 元以上项目54个，年度计划投资4 ...

Core Viewpoint - The U.S. Supreme Court is expected to make a ruling on tariffs imposed by President Trump, which could significantly impact various stocks and sectors in early 2026 [1][2]. Tariff Legality and Implications - The tariffs were imposed under the International Emergency Economic Powers Act (IEEPA), which has not been used historically for such purposes, raising questions about their legality [4][5]. - A ruling against the tariffs could lead to uncertainties regarding the repayment of tariffs collected from countries, companies, and consumers [6][12]. Market Predictions - Prediction markets indicate a 72% chance that the Supreme Court will rule against Trump's tariffs, with the odds of a favorable ruling for Trump declining from 48% in November to 28% [8][9]. - The most popular prediction for the number of justices voting in favor of the tariffs is three, with a 42% likelihood [10]. Affected Companies and Sectors - Companies like Costco Wholesale and Nike Inc. are highlighted as potentially impacted by the ruling, with Costco seeking repayment and Nike having suffered due to tariffs [12][13]. - The construction and industrial sectors, along with companies like Toyota and 3M, are noted as being significantly affected by the tariffs [14][15]. - Other companies that have filed lawsuits over tariffs include subsidiaries of Revlon and Del Monte Fresh Produce, indicating a broader impact across various industries [13].

Group 1 - Private sector added 41,000 jobs in December, below economists' estimates of 47,000 jobs [1] - Previous month's payrolls revised to a loss of 29,000 from an initial loss of 32,000 [1] - Small establishments showed positive hiring at year-end, while large employers reduced hiring [1] Group 2 - Education and health services led job creation with 39,000 positions added in December [2] - Leisure and hospitality added 24,000 positions, while trade, transportation, and utilities added 11,000 [2] - Professional and business services lost 29,000 jobs, with information and manufacturing losing 12,000 and 5,000 positions respectively [2] Group 3 - Large businesses (500 or more employees) added 2,000 jobs, while businesses with 50 to 499 employees added 34,000 [3] - Establishments with fewer than 50 employees added 9,000 jobs [3] - Wage growth remained stable, with pay for those staying in their roles increasing by 4.4% year-over-year [3]

Group 1 - The Greenbrier Companies, Inc. is set to release its first-quarter earnings results on January 8, 2025, with analysts expecting earnings of 79 cents per share, a decrease from $1.72 per share in the same period last year [1] - The consensus estimate for Greenbrier's quarterly revenue is $655.53 million, which is a decline from $875.9 million a year earlier [1] - On October 28, Greenbrier reported mixed fourth-quarter financial results and provided FY26 sales guidance that fell below estimates [2] Group 2 - Following the mixed financial results, Greenbrier shares increased by 4.3%, closing at $49.09 [2] - Analyst Bascome Majors from Susquehanna maintained a Positive rating on Greenbrier but reduced the price target from $57 to $52 [3] - Analyst Ken Hoexter from B of A Securities maintained an Underperform rating while raising the price target from $60 to $62 [3]

7 January 2026 | 8:48AM JST Equity Research +81(3)4587-9806 | yuichiro.isayama@gs.com Goldman Sachs Japan Co., Ltd. Takeru Adachi +81(3)4587-4067 | takeru.adachi@gs.com Goldman Sachs Japan Co., Ltd. Takato Enoki +81(3)4587-1739 | takato.enoki@gs.com Goldman Sachs Japan Co., Ltd. Japan Industrials: China tightens controls on export of dual-use items to Japan, media reports on risk of de facto restrictions on rare earth What happened On the evening of January 6 Japan time, China's Ministry of Commerce announc ...