美国9月非农新增就业2.9万人失业率升至4.2%
U.S. adds just 29K jobs in September as the unemployment rate rises
关键宏观数据落地，就业增速显著低于预期，直接影响美联储政策路径与资产定价逻辑，需关注后续通胀与利率预期变化。
WITH SOME BREAKING ECONOMIC WITH SOME BREAKING ECONOMIC DATA. DATA.
随着一些破坏性的经济数据。数据。
THE U.S. ECONOMY ADDED
美国经济增加了
THE U.S. ECONOMY ADDED 29,000 JOBS IN SEPTEMBER. THAT 29,000 JOBS IN SEPTEMBER. THAT WAS LESS THAN EXPECTED. THE WAS LESS THAN EXPECTED. THE UNEMPLOYMENT RATE CREPT UP UNEMPLOYMENT RATE CREPT UP SLIGHTLY TO 4.2%. SLIGHTLY TO 4.2%.
美国经济在9月增加了29,000个工作岗位。这29,000个工作岗位。这低于预期。失业率略微上升至4.2%。
WE'VE GOT NBC NEWS BUSINESS
我们有NBC新闻商业
WE'VE GOT NBC NEWS BUSINESS AND DATA CORRESPONDENT BRIAN AND DATA CORRESPONDENT BRIAN CHEUNG AT THE BIG BOARD. CHEUNG AT THE BIG BOARD. JOINING US ALSO HERE ON SET. JOINING US ALSO HERE ON SET. INVESTOPEDIA IS EDITOR I IN CHI, INVESTOPEDIA IS EDITOR IN CHIEF, CHIEF BUSISINESS EDITOR OF PEOPE CHIEF BUSINESS EDITOR OF PEOPLE INC. CALEB SILVER, OUR E ECONOMC INC. CALEB SILVER, OUR ECONOMIC DREAM TEAM. GOOD MORORNING TO DREAM TEAM.
我们有NBC新闻商业和数据记者Brian Cheung在大盘。Cheung也在演播室与我们一起。Investopedia是主编，People Inc.的商业编辑Caleb Silver，我们的经济梦之队。早上好。
GOOD MORNING TOO BOTH OF YOU. BRIAN, LET'S START BOTH OF YOU. BRIAN, LET'S START WITH YOU. JUST WALK USUS THROUGH WITH YOU. JUST WALK US THROUGH THE NUMBERS ANAND HOW THEY DO THE NUMBERS AND HOW THEY DO COMPARE WITH PREVIOUS MONTHS. COMPARE WITH PREVIOUS MONTHS.
两位早上好。Brian，让我们从你开始。请带我们走过数字以及它们如何与上个月进行比较。
YEAH. GOOD MOMORNING GUYS. A
是的。早上好，伙计们。A
YEAH. GOOD MORNING GUYS. A BIT OF A MISS ON THE HEADLINE BIT OF A MISS ON THE HEADLINE NUMBER HERE. AGAIN LET'S REHASH NUMBER HERE. AGAIN LET'S REHASH THAT NUMBER. 2 29,000 JOBS WERE THAT NUMBER. 29,000 JOBS WERE ADADDED IN THE MONTH OF SEPTEMB, ADDED IN THE MONTH OF SEPTEMBER, ACCORDING TO THE BUREAU OF ACCORDING TO THE BUREAU OF LABOR STATISTICS. . THAT IS WELL LABOR STATISTICS. THAT IS WELLLL BELOW WHAT ECONOMISTS WERE BELOW WHAT ECONOMISTS WEWERE EXPECTING.
是的。早上好，伙计们。 headline number这里有点失误。再次让我们重温这个数字。2 29,000个工作岗位是在9月份增加的，根据劳工统计局的数据。这远低于经济学家们的预期。
THEY WERE HOPING TO EXPECTING. THEY WERE HOPING TO SEE SOMETHTHING LIKE 84,000, SO SEE SOMETHING LIKE 84,000, SO THTHAT AT JUST 29,000 IS ONLY A THAT AT JUST 29,000 IS ONLY A FRACTION OF THAT. THE FRACTION OF THAT. THE UNEMPLOYMENT RATE ALSO DID T TIK UNEMPLOYMENT RATE ALSO DID TICK UP A LITTLE BIT TO 4.2%. NOT UP A LITTLE BIT TO 4.2%. NOT TOO MUCH TO BE READ FROM THAT, TOO MUCH TO BE READ FROM THAT, EVEN THOUGH, YES, IT WAS 4.1% EVEN THOUGH, YES, IT WAS 4.1% IN THE LAST READ, BUT 4.2% IN THE LAST READ, BUT 4.2% WOULD STILL SHOW ESSENTIALLY WOULD STILL SHOW ESSENTIALLY THAT WE'VE BEEN GOING G SIDELINE THAT WE'VE BEEN GOING SIDELINE BASICALLY SIDEWAYS FOR ABOUT BASICALLY SIDEWAYS FOR ABOUT THE LAST 9 TO 10 MONTHS OR SO.
他们希望看到类似84,000的数字，所以仅仅29,000只是其中的一小部分。失业率也略有上升，达到4.2%。虽然这是4.1%，但4.2%仍然表明我们在过去大约9到10个月里基本上处于停滞状态。
THE LAST 9 TO 10 MONTHS OR SO. AGAIN, THIS IS KIND OF PART OF AGAIN, THIS IS KIND OF PART OF AN OVERALL UPTICK THAT WE'VE AN OVERALL UPTICK THAT WE'VE SEEN SINCE THE SUMMER OFOF 2022, SEEN SINCE THE SUMMER OF 2022, BUT RELATIVELY LOW 4.2%, I BUT RELATIVELY LOW 4.2%, I THINK MOST ECONOMISTS WOULD SAY THINK MOST ECONOMISTS WOULD SAY STILL LOOKS HEALTHY. BUT AGAIN, STILL LOOKS HEALTHY. BUT AGAIN, THAT HEADLINE NUMBER AT 2929,00, THAT HEADLINE NUMBER AT 29,000, DEFINITELY BELOW ESTIMATES FOR DEFINITELY BELOW ESTIMATES FOR WHAT ECONOMISTS S WERE EXPECTIN.
大约过去9到10个月。再说一遍，这又是整体上升趋势的一部分，自2022年夏季以来我们就看到了这种整体上升趋势，但4.2%的增速相对较低。我认为大多数经济学家会说，这看起来仍然健康。但是，再次强调，29,000这个 headline 数字确实低于经济学家们原本预期的水平。
WHAT ECONOMISTS WERE EXPECTING.
经济学家们原本预期的水平。
CALEB, WHAT A ARE THESE
Caleb，这些是些什么
CALEB, WHAT ARE THESE NUMBERS TELLING G US ABOUT THE NUMBERS TELLING US ABOUT THE STRENGTH
Caleb，这些数字告诉我们关于经济强度的什么信息
更进一步：量化金融体系
看懂新闻只是起点——沿量化金融路径，把它变成能交付的工程能力