The significant slowdown in employment growth in the United States indicates that the economy will cool down
我放心你带套猛
发表于 2023-11-4 19:29:57
243
0
0
The sharp slowdown in employment growth in the United States last month indicates that the economy is cooling down this autumn after a scorching summer.
The Ministry of Labor announced on Friday that employers added 150000 non farm jobs in October, half the increase from the previous month and the smallest monthly increase since June. The unemployment rate has risen to 3.9%, an increase of 0.5 percentage points from April, and wage growth has slowed down.
These data are likely to bring to an end the historic rate hike by the Federal Reserve, as they strongly demonstrate that rising borrowing costs have led to an economic slowdown. This report may also alleviate concerns that strong consumer spending this summer will lead to a resurgence in recruitment or salary growth.
After the report was released, the US stock index rose and the yield of US treasury bond bonds fell.
The sharp slowdown in employment growth in the United States last month indicates that the economy is cooling down this autumn after a scorching summer.
The Ministry of Labor announced on Friday that employers added 150000 non farm jobs in October, half the increase from the previous month and the smallest monthly increase since June. The unemployment rate has risen to 3.9%, an increase of 0.5 percentage points from April, and wage growth has slowed down.
These data are likely to bring to an end the historic rate hike by the Federal Reserve, as they strongly demonstrate that rising borrowing costs have led to an economic slowdown. This report may also alleviate concerns that strong consumer spending this summer will lead to a resurgence in recruitment or salary growth.
After the report was released, the US stock index rose and the yield of US treasury bond bonds fell.
The report indicates that the employment market, which has performed better than expected for most of this year, has experienced a decline. Now, given high interest rates, ongoing inflation, and wars in Europe and the Middle East, employers are cutting back on expenses.
Moreover, almost all of the employment growth comes from three industries - healthcare, government, leisure, and hotel, while no new employment has emerged in other areas of the economy. This is in stark contrast to the broader recruitment momentum that emerged earlier this year.
October may be a turning point for the economy, "said Kathy Bostjanic, Chief Economist at Nationwide. We see a cooling demand for labor and a slowdown in income growth, which means we will see a significant slowdown in consumer spending
Bostjacic expects an economic recession in the first half of next year. Economists surveyed by The Wall Street Journal last month believe that the likelihood of an economic recession next year is 50%.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- Aircraft maintenance service company StandardAero applies for US IPO
- US non farm payroll rebounds in August, outlook for interest rate cuts changes to '50-50'
- The latest poll in the final stage of the US election shows Trump leading Harris by one percentage point
- The stock price has plummeted by 99% in the past three and a half years! American discount retail giant Bylottery files for bankruptcy
- American Christians have 'realized'! It's better to believe in the recovery of the American manufacturing industry than to believe in Sister Wood
- Buffett continues to reduce his holdings in Bank of America, cashing out nearly $1 billion in a week
- US Steel and US stocks rose over 3% in pre-market trading
- The United States plans to completely ban the software and hardware of China's intelligent connected vehicles
- Japanese Steel and US Steel executives reportedly meet with US officials to discuss acquisition matters
- Top 20 US Stock Exchange Transactions: Musk claims that China's industrial production capacity has far exceeded that of the United States
-
9月が終わり、映画・テレビ業界が暗躍している。最近、愛奇芸の創始者でCEOのGONG宇氏は、映画・テレビ業界が長短の変化、AIの変化、中国映画・テレビドラマの海外進出の変化の3つの変化を経験していると発表した。 ...
- 寒郁轩良
- 昨天 14:17
- 支持
- 反对
- 回复
- 收藏
-
8月のトヨタ自動車(ダイハツ自動車と日野自動車を除く、レクサスを含む)の世界生産台数は前年同月比11.2%減の709571台、世界販売台数は前年同月比3.1%減の826863台だった。 日本本土市場では、トヨタ自動車の8月 ...
- SOGO
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
ネットワーク状況監視サイトDownDetectorによると、オーディオストリーミングプラットフォームSpotifyは日曜日に約3時間にわたる障害を経験した後、正常に回復し、ピーク時には米国の4万人以上のユーザーに影響を与 ...
- hecgdge4
- 昨天 09:33
- 支持
- 反对
- 回复
- 收藏
-
百済神州(688235.SH)はA株の有名な革新薬企業で、2017-2024年上半期、同社の各期の研究開発投資はA株の化学製薬会社(申万二級)の中で最も高く、研究開発費用は合計600億元を超えた。 しかし、百済神州にとって ...
- wylz8473
- 前天 18:36
- 支持
- 反对
- 回复
- 收藏