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全新新新韭菜
02-12
太假了
美国1月非农新增就业13万人,创去年4月以来最大增幅,失业率降至4.3%,25年3月非农下修86.2万!
全新新新韭菜
2025-04-11
$10年美债主连 2506(ZNmain)$
全新新新韭菜
2024-01-25
$A50指数主连 2401(CNmain)$
这垃圾指数只是假的工具,人家涨了三个点它不动了[惊讶]
全新新新韭菜
2023-03-20
$瑞银(UBS)$
玩完了,瑞银吃了瑞信有可能拉稀了
全新新新韭菜
2023-03-19
$摩根大通(JPM)$
是不是摩根要把瑞信干倒[得意]
全新新新韭菜
2023-03-17
$第一共和银行(FRC)$
全新新新韭菜
2021-05-14
实体经济不好大众商品跌了,只能回股市
抱歉,原内容已删除
全新新新韭菜
2021-02-23
美联储放话了
纳指跌幅扩大至3%,特斯拉跌超10%
全新新新韭菜
2021-02-18
$Avinger, Inc.(AVGR)$
妖股还是悟空来吧
去老虎APP查看更多动态
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23:54","market":"fut","language":"zh","title":"美国1月非农新增就业13万人,创去年4月以来最大增幅,失业率降至4.3%,25年3月非农下修86.2万!","url":"https://stock-news.laohu8.com/highlight/detail?id=2610895579","media":"华尔街见闻","summary":"美国1月非农就业新增13万人,创2025年4月以来最大增幅,失业率意外降至4.3%,时薪环比增长0.4%,均超预期。然而劳工统计局同步将2025年3月非农总规模下修89.8万人,全年就业增长由初值58.4万压缩至18.1万,过去26份报告中有25份遭下修。医疗保健领增,制造业转正,临时就业持续收缩。交易员将降息押注从6月推迟至7月。美联储面临强劲单月数据与疲弱历史修正交织的矛盾图景。","content":"<html><head></head><body><p>美国1月就业增长创下2024年12月以来新高,失业率意外降至4.3%,<strong>显示劳动力市场在经历疲弱的2025年后显现韧性</strong>。然而,劳工统计局同步进行的年度基准修正,却<strong>大幅下修去年就业数据,令前期统计失真的程度进一步暴露。</strong></p><p>当地时间周三,美国劳工统计局公布数据显示,<strong>1月非农就业人口增长13万人,大幅高于市场预期的6.5万人,创2025年4月以来最大增幅;失业率小幅意外降至4.3%,预期和前值均为4.4%。</strong>平均时薪环比上涨0.4%,高于预期的0.3%及下修后的前值0.1%;劳动力参与率小幅升至62.5%,略优于预期。</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/73d8886ff7dc20bfb6d1eda84473e46b\" tg-width=\"1024\" tg-height=\"680\"/></p><p>但本次报告同时将2025年全年就业增长规模由最初报告的58.4万大幅下调至18.1万,基准修正幅度显著,<strong>表明去年劳动力市场的实际疲软程度远超此前认知。</strong></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/cafd22b58d23103f27a09193df4cd17c\" tg-width=\"1014\" tg-height=\"668\"/></p><p>数据发布后,美股期货与美债收益率双双走高。<strong>交易员削减对6月降息的押注,目前预计首次降息时点将推迟至7月。</strong>分析认为,尽管1月数据表现强劲,但年度修正揭示了劳动力市场的基础脆弱性,这可能为美联储后续政策调整留出空间。</p><p>这组数据呈现出矛盾的就业图景:1月单月表现强劲,但无法完全抵消此前的整体疲软。这将令美联储在评估降息时机时面临更复杂的考量。</p><h2 id=\"id_2876739906\">就业增长超预期但历史数据大幅下修</h2><p>1月非农新增13万人,远超预期。此前多名白宫官员释放预警信号:贸易顾问彼得·纳瓦罗表示“必须大幅下调对月度就业数据的预期”,前白宫经济顾问凯文·哈塞特亦对CNBC称“近期就业数据将略显疲软”。相关言论引导市场部分参与者形成低至3.5万人的预期,远低于6.5万人的共识中值。</p><p>与此同时,<strong>劳工统计局发布年度基准修正,将2025年3月季调后非农就业总规模下修89.8万人。</strong>受此影响,2025全年就业增长由初值的58.4万大幅压缩至18.1万。月度口径下,去年平均新增就业仅1.5万人,远不及初值4.9万人。</p><p>分月数据亦普遍下修:11月由5.6万下修至4.1万,12月由5.0万下修至4.8万。值得注意的是,过去26份非农报告中,有25份遭遇最终下修。</p><h2 id=\"id_3659247475\">医疗保健引领行业增长</h2><p><strong>1月非农增长主要由医疗保健部门驱动</strong>,该行业亦是2025全年就业扩张的主要引擎。建筑业、专业与商业服务业岗位亦录得增长,制造业出现今年以来首次月度正增长。相比之下,临时帮助服务就业持续收缩,1月减少4.2万人,过去六个月中第五个月下降。</p><p><strong>就业质量结构有所改善。</strong>全职岗位单月增加58.2万人,兼职岗位增加3.1万人,延续上月趋势。</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d61a52a2b88bee6525d51d78a547c96d\" tg-width=\"1024\" tg-height=\"649\"/></p><p><strong>主要劳动群体失业率普遍小幅回落。</strong>1月青少年失业率为13.6%,成年男性与女性分别为3.8%和4.0%。种族及族裔层面,白人失业率为3.7%,黑人失业率降至7.2%,亚裔为4.1%,西班牙裔为4.7%,均较此前数月有所改善。</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/92b3b2c983c9fc97f1cb119700cdeef0\" tg-width=\"1010\" tg-height=\"528\"/></p><h2 id=\"id_3088828274\">劳动力市场企稳</h2><p>1月就业报告显示,<strong>劳动力市场在经历一年持续降温、招聘低迷后正逐步企稳。</strong>尽管经济学家普遍预计2026年就业增长整体偏弱,但围绕特朗普政府经济政策的预期趋于明朗,叠加劳动力成本压力有所缓解,或促使部分雇主重新考虑扩员计划。</p><p>据彭博情报首席美国利率策略师Ira Jersey分析:</p><blockquote><p>"除基准修正外,就业报告几乎每个组成部分都是正面的。收益率曲线出现熊市平坦化的膝跳反应很明显。在我们看来,更好的薪资和工时数据甚至比更强的就业增长更关键,因为这意味着消费支出可以得到维持。"</p></blockquote><p><strong>裁员活动虽仍处高位,但近期出现放缓迹象。</strong>包括<a href=\"https://laohu8.com/S/AMZN\">亚马逊</a>、<a href=\"https://laohu8.com/S/UPS\">联合包裹</a>服务公司在内的多家企业已宣布缩减或终止前期裁员计划。进入2026年以来,全美职位空缺水平降至2020年以来最低,反映招聘需求整体温和。</p><p>美联储年内利率路径仍不明朗,<strong>部分分歧源于决策层对劳动力市场真实韧性的判断不一。</strong>在上月决定维持利率不变时,主席鲍威尔特别提及“就业市场基础稳固”作为政策观望的重要依据。</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>美国1月非农新增就业13万人,创去年4月以来最大增幅,失业率降至4.3%,25年3月非农下修86.2万!</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n美国1月非农新增就业13万人,创去年4月以来最大增幅,失业率降至4.3%,25年3月非农下修86.2万!\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-11 23:54 北京时间 <a href=https://wallstreetcn.com/articles/3765528><strong>华尔街见闻</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>美国1月就业增长创下2024年12月以来新高,失业率意外降至4.3%,显示劳动力市场在经历疲弱的2025年后显现韧性。然而,劳工统计局同步进行的年度基准修正,却大幅下修去年就业数据,令前期统计失真的程度进一步暴露。当地时间周三,美国劳工统计局公布数据显示,1月非农就业人口增长13万人,大幅高于市场预期的6.5万人,创2025年4月以来最大增幅;失业率小幅意外降至4.3%,预期和前值均为4.4%。...</p>\n\n<a href=\"https://wallstreetcn.com/articles/3765528\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ed4ee39e6b0f45214393093d70ba81a8","relate_stocks":{"159934":"黄金ETF","518880":"黄金ETF","GLD":"黄金ETF-SPDR",".IXIC":"NASDAQ Composite","GDX":"黄金矿业ETF-VanEck",".SPX":"S&P 500 Index","DUST":"二倍做空黄金矿业指数ETF-Direxion","NUGT":"二倍做多黄金矿业指数ETF-Direxion","IAU":"黄金信托ETF-iShares",".DJI":"道琼斯"},"source_url":"https://wallstreetcn.com/articles/3765528","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2610895579","content_text":"美国1月就业增长创下2024年12月以来新高,失业率意外降至4.3%,显示劳动力市场在经历疲弱的2025年后显现韧性。然而,劳工统计局同步进行的年度基准修正,却大幅下修去年就业数据,令前期统计失真的程度进一步暴露。当地时间周三,美国劳工统计局公布数据显示,1月非农就业人口增长13万人,大幅高于市场预期的6.5万人,创2025年4月以来最大增幅;失业率小幅意外降至4.3%,预期和前值均为4.4%。平均时薪环比上涨0.4%,高于预期的0.3%及下修后的前值0.1%;劳动力参与率小幅升至62.5%,略优于预期。但本次报告同时将2025年全年就业增长规模由最初报告的58.4万大幅下调至18.1万,基准修正幅度显著,表明去年劳动力市场的实际疲软程度远超此前认知。数据发布后,美股期货与美债收益率双双走高。交易员削减对6月降息的押注,目前预计首次降息时点将推迟至7月。分析认为,尽管1月数据表现强劲,但年度修正揭示了劳动力市场的基础脆弱性,这可能为美联储后续政策调整留出空间。这组数据呈现出矛盾的就业图景:1月单月表现强劲,但无法完全抵消此前的整体疲软。这将令美联储在评估降息时机时面临更复杂的考量。就业增长超预期但历史数据大幅下修1月非农新增13万人,远超预期。此前多名白宫官员释放预警信号:贸易顾问彼得·纳瓦罗表示“必须大幅下调对月度就业数据的预期”,前白宫经济顾问凯文·哈塞特亦对CNBC称“近期就业数据将略显疲软”。相关言论引导市场部分参与者形成低至3.5万人的预期,远低于6.5万人的共识中值。与此同时,劳工统计局发布年度基准修正,将2025年3月季调后非农就业总规模下修89.8万人。受此影响,2025全年就业增长由初值的58.4万大幅压缩至18.1万。月度口径下,去年平均新增就业仅1.5万人,远不及初值4.9万人。分月数据亦普遍下修:11月由5.6万下修至4.1万,12月由5.0万下修至4.8万。值得注意的是,过去26份非农报告中,有25份遭遇最终下修。医疗保健引领行业增长1月非农增长主要由医疗保健部门驱动,该行业亦是2025全年就业扩张的主要引擎。建筑业、专业与商业服务业岗位亦录得增长,制造业出现今年以来首次月度正增长。相比之下,临时帮助服务就业持续收缩,1月减少4.2万人,过去六个月中第五个月下降。就业质量结构有所改善。全职岗位单月增加58.2万人,兼职岗位增加3.1万人,延续上月趋势。主要劳动群体失业率普遍小幅回落。1月青少年失业率为13.6%,成年男性与女性分别为3.8%和4.0%。种族及族裔层面,白人失业率为3.7%,黑人失业率降至7.2%,亚裔为4.1%,西班牙裔为4.7%,均较此前数月有所改善。劳动力市场企稳1月就业报告显示,劳动力市场在经历一年持续降温、招聘低迷后正逐步企稳。尽管经济学家普遍预计2026年就业增长整体偏弱,但围绕特朗普政府经济政策的预期趋于明朗,叠加劳动力成本压力有所缓解,或促使部分雇主重新考虑扩员计划。据彭博情报首席美国利率策略师Ira 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0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n纳指跌幅扩大至3%,特斯拉跌超10%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2021-02-23 22:42</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>2月23日盘初,美股加速下行,纳指跌幅扩大至3%。</p><p><a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>跌超10%,市值接近跌破6000亿美元。Wedbush分析师丹尼尔·艾夫斯(Daniel Ives)称,在埃隆·马斯克的公司向这种剧烈波动的加密货币投资了15亿美元后,特斯拉的股价现在直接与比特币价格挂钩。</p><p>重磅科技股悉数下挫,Paypal跌6.4%,<a href=\"https://laohu8.com/S/NVDA\">英伟达</a>跌5.4%,<a href=\"https://laohu8.com/S/TSM\">台积电</a>、<a href=\"https://laohu8.com/S/BABA\">阿里巴巴</a>跌超5%,<a href=\"https://laohu8.com/S/AAPL\">苹果</a>跌3.4%。</p><p>热门中概股多数走低,<a href=\"https://laohu8.com/S/NIO\">蔚来</a>汽车跌超15%,<a href=\"https://laohu8.com/S/BIDU\">百度</a>、<a href=\"https://laohu8.com/S/BILI\">哔哩哔哩</a>跌超10%,<a href=\"https://laohu8.com/S/TME\">腾讯音乐</a>、雾芯科技跌9.5%,<a href=\"https://laohu8.com/S/VIPS\">唯品会</a>跌7%,京东跌超3%。</p><p><img src=\"https://static.tigerbbs.com/d6e4250c4b4c53a73cf20ae3a7dcf80b\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p></p><p></p><p></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/58c571cf0b4357240a7b67c1db539b4a","relate_stocks":{"BABA":"阿里巴巴","AAPL":"苹果",".IXIC":"NASDAQ Composite","TSLA":"特斯拉"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183015998","content_text":"2月23日盘初,美股加速下行,纳指跌幅扩大至3%。特斯拉跌超10%,市值接近跌破6000亿美元。Wedbush分析师丹尼尔·艾夫斯(Daniel Ives)称,在埃隆·马斯克的公司向这种剧烈波动的加密货币投资了15亿美元后,特斯拉的股价现在直接与比特币价格挂钩。重磅科技股悉数下挫,Paypal跌6.4%,英伟达跌5.4%,台积电、阿里巴巴跌超5%,苹果跌3.4%。热门中概股多数走低,蔚来汽车跌超15%,百度、哔哩哔哩跌超10%,腾讯音乐、雾芯科技跌9.5%,唯品会跌7%,京东跌超3%。","news_type":1,"symbols_score_info":{".IXIC":0.9,"TSLA":0.9,"BABA":0.9,"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":3534,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":384687812,"gmtCreate":1613648051836,"gmtModify":1613648051836,"author":{"id":"3575461310267997","authorId":"3575461310267997","name":"全新新新韭菜","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575461310267997","authorIdStr":"3575461310267997"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AVGR\">$Avinger, Inc.(AVGR)$</a>妖股还是悟空来吧","listText":"<a href=\"https://laohu8.com/S/AVGR\">$Avinger, Inc.(AVGR)$</a>妖股还是悟空来吧","text":"$Avinger, Inc.(AVGR)$妖股还是悟空来吧","images":[{"img":"https://static.tigerbbs.com/6735b29f775e24324f7385980b6886cc","width":"720","height":"1600"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/384687812","isVote":1,"tweetType":1,"viewCount":3842,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0}],"hots":[{"id":196997739,"gmtCreate":1621003535521,"gmtModify":1621003535521,"author":{"id":"3575461310267997","authorId":"3575461310267997","name":"全新新新韭菜","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575461310267997","idStr":"3575461310267997"},"themes":[],"htmlText":"实体经济不好大众商品跌了,只能回股市","listText":"实体经济不好大众商品跌了,只能回股市","text":"实体经济不好大众商品跌了,只能回股市","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/196997739","repostId":"1114785196","repostType":4,"isVote":1,"tweetType":1,"viewCount":3789,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":266926049640712,"gmtCreate":1706177037412,"gmtModify":1706177327119,"author":{"id":"3575461310267997","authorId":"3575461310267997","name":"全新新新韭菜","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575461310267997","idStr":"3575461310267997"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/FUT/CNmain\">$A50指数主连 2401(CNmain)$ </a>这垃圾指数只是假的工具,人家涨了三个点它不动了[惊讶] ","listText":"<a href=\"https://laohu8.com/FUT/CNmain\">$A50指数主连 2401(CNmain)$ </a>这垃圾指数只是假的工具,人家涨了三个点它不动了[惊讶] ","text":"$A50指数主连 2401(CNmain)$ 这垃圾指数只是假的工具,人家涨了三个点它不动了[惊讶]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/266926049640712","isVote":1,"tweetType":1,"viewCount":3929,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3570702706516323","authorId":"3570702706516323","name":"西江刘裕","avatar":"https://static.tigerbbs.com/8fc0db8eccfb317a9afedce1130e7bc6","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3570702706516323","idStr":"3570702706516323"},"content":"在压盘,上证指数涨80多点,肯定还会爆长","text":"在压盘,上证指数涨80多点,肯定还会爆长","html":"在压盘,上证指数涨80多点,肯定还会爆长"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":531683949270576,"gmtCreate":1770826606909,"gmtModify":1770826609421,"author":{"id":"3575461310267997","authorId":"3575461310267997","name":"全新新新韭菜","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575461310267997","idStr":"3575461310267997"},"themes":[],"title":"","htmlText":"太假了","listText":"太假了","text":"太假了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/531683949270576","repostId":"2610895579","repostType":2,"repost":{"id":"2610895579","kind":"highlight","weMediaInfo":{"introduction":"追踪全球财经热点,精选影响您财富的资讯,投资理财必备神器!","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1770825262,"share":"https://www.laohu8.com/m/news/2610895579?lang=zh_CN&edition=full","pubTime":"2026-02-11 23:54","market":"fut","language":"zh","title":"美国1月非农新增就业13万人,创去年4月以来最大增幅,失业率降至4.3%,25年3月非农下修86.2万!","url":"https://stock-news.laohu8.com/highlight/detail?id=2610895579","media":"华尔街见闻","summary":"美国1月非农就业新增13万人,创2025年4月以来最大增幅,失业率意外降至4.3%,时薪环比增长0.4%,均超预期。然而劳工统计局同步将2025年3月非农总规模下修89.8万人,全年就业增长由初值58.4万压缩至18.1万,过去26份报告中有25份遭下修。医疗保健领增,制造业转正,临时就业持续收缩。交易员将降息押注从6月推迟至7月。美联储面临强劲单月数据与疲弱历史修正交织的矛盾图景。","content":"<html><head></head><body><p>美国1月就业增长创下2024年12月以来新高,失业率意外降至4.3%,<strong>显示劳动力市场在经历疲弱的2025年后显现韧性</strong>。然而,劳工统计局同步进行的年度基准修正,却<strong>大幅下修去年就业数据,令前期统计失真的程度进一步暴露。</strong></p><p>当地时间周三,美国劳工统计局公布数据显示,<strong>1月非农就业人口增长13万人,大幅高于市场预期的6.5万人,创2025年4月以来最大增幅;失业率小幅意外降至4.3%,预期和前值均为4.4%。</strong>平均时薪环比上涨0.4%,高于预期的0.3%及下修后的前值0.1%;劳动力参与率小幅升至62.5%,略优于预期。</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/73d8886ff7dc20bfb6d1eda84473e46b\" tg-width=\"1024\" tg-height=\"680\"/></p><p>但本次报告同时将2025年全年就业增长规模由最初报告的58.4万大幅下调至18.1万,基准修正幅度显著,<strong>表明去年劳动力市场的实际疲软程度远超此前认知。</strong></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/cafd22b58d23103f27a09193df4cd17c\" tg-width=\"1014\" tg-height=\"668\"/></p><p>数据发布后,美股期货与美债收益率双双走高。<strong>交易员削减对6月降息的押注,目前预计首次降息时点将推迟至7月。</strong>分析认为,尽管1月数据表现强劲,但年度修正揭示了劳动力市场的基础脆弱性,这可能为美联储后续政策调整留出空间。</p><p>这组数据呈现出矛盾的就业图景:1月单月表现强劲,但无法完全抵消此前的整体疲软。这将令美联储在评估降息时机时面临更复杂的考量。</p><h2 id=\"id_2876739906\">就业增长超预期但历史数据大幅下修</h2><p>1月非农新增13万人,远超预期。此前多名白宫官员释放预警信号:贸易顾问彼得·纳瓦罗表示“必须大幅下调对月度就业数据的预期”,前白宫经济顾问凯文·哈塞特亦对CNBC称“近期就业数据将略显疲软”。相关言论引导市场部分参与者形成低至3.5万人的预期,远低于6.5万人的共识中值。</p><p>与此同时,<strong>劳工统计局发布年度基准修正,将2025年3月季调后非农就业总规模下修89.8万人。</strong>受此影响,2025全年就业增长由初值的58.4万大幅压缩至18.1万。月度口径下,去年平均新增就业仅1.5万人,远不及初值4.9万人。</p><p>分月数据亦普遍下修:11月由5.6万下修至4.1万,12月由5.0万下修至4.8万。值得注意的是,过去26份非农报告中,有25份遭遇最终下修。</p><h2 id=\"id_3659247475\">医疗保健引领行业增长</h2><p><strong>1月非农增长主要由医疗保健部门驱动</strong>,该行业亦是2025全年就业扩张的主要引擎。建筑业、专业与商业服务业岗位亦录得增长,制造业出现今年以来首次月度正增长。相比之下,临时帮助服务就业持续收缩,1月减少4.2万人,过去六个月中第五个月下降。</p><p><strong>就业质量结构有所改善。</strong>全职岗位单月增加58.2万人,兼职岗位增加3.1万人,延续上月趋势。</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d61a52a2b88bee6525d51d78a547c96d\" tg-width=\"1024\" tg-height=\"649\"/></p><p><strong>主要劳动群体失业率普遍小幅回落。</strong>1月青少年失业率为13.6%,成年男性与女性分别为3.8%和4.0%。种族及族裔层面,白人失业率为3.7%,黑人失业率降至7.2%,亚裔为4.1%,西班牙裔为4.7%,均较此前数月有所改善。</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/92b3b2c983c9fc97f1cb119700cdeef0\" tg-width=\"1010\" tg-height=\"528\"/></p><h2 id=\"id_3088828274\">劳动力市场企稳</h2><p>1月就业报告显示,<strong>劳动力市场在经历一年持续降温、招聘低迷后正逐步企稳。</strong>尽管经济学家普遍预计2026年就业增长整体偏弱,但围绕特朗普政府经济政策的预期趋于明朗,叠加劳动力成本压力有所缓解,或促使部分雇主重新考虑扩员计划。</p><p>据彭博情报首席美国利率策略师Ira Jersey分析:</p><blockquote><p>"除基准修正外,就业报告几乎每个组成部分都是正面的。收益率曲线出现熊市平坦化的膝跳反应很明显。在我们看来,更好的薪资和工时数据甚至比更强的就业增长更关键,因为这意味着消费支出可以得到维持。"</p></blockquote><p><strong>裁员活动虽仍处高位,但近期出现放缓迹象。</strong>包括<a href=\"https://laohu8.com/S/AMZN\">亚马逊</a>、<a href=\"https://laohu8.com/S/UPS\">联合包裹</a>服务公司在内的多家企业已宣布缩减或终止前期裁员计划。进入2026年以来,全美职位空缺水平降至2020年以来最低,反映招聘需求整体温和。</p><p>美联储年内利率路径仍不明朗,<strong>部分分歧源于决策层对劳动力市场真实韧性的判断不一。</strong>在上月决定维持利率不变时,主席鲍威尔特别提及“就业市场基础稳固”作为政策观望的重要依据。</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>美国1月非农新增就业13万人,创去年4月以来最大增幅,失业率降至4.3%,25年3月非农下修86.2万!</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n美国1月非农新增就业13万人,创去年4月以来最大增幅,失业率降至4.3%,25年3月非农下修86.2万!\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-11 23:54 北京时间 <a href=https://wallstreetcn.com/articles/3765528><strong>华尔街见闻</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>美国1月就业增长创下2024年12月以来新高,失业率意外降至4.3%,显示劳动力市场在经历疲弱的2025年后显现韧性。然而,劳工统计局同步进行的年度基准修正,却大幅下修去年就业数据,令前期统计失真的程度进一步暴露。当地时间周三,美国劳工统计局公布数据显示,1月非农就业人口增长13万人,大幅高于市场预期的6.5万人,创2025年4月以来最大增幅;失业率小幅意外降至4.3%,预期和前值均为4.4%。...</p>\n\n<a href=\"https://wallstreetcn.com/articles/3765528\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ed4ee39e6b0f45214393093d70ba81a8","relate_stocks":{"159934":"黄金ETF","518880":"黄金ETF","GLD":"黄金ETF-SPDR",".IXIC":"NASDAQ Composite","GDX":"黄金矿业ETF-VanEck",".SPX":"S&P 500 Index","DUST":"二倍做空黄金矿业指数ETF-Direxion","NUGT":"二倍做多黄金矿业指数ETF-Direxion","IAU":"黄金信托ETF-iShares",".DJI":"道琼斯"},"source_url":"https://wallstreetcn.com/articles/3765528","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2610895579","content_text":"美国1月就业增长创下2024年12月以来新高,失业率意外降至4.3%,显示劳动力市场在经历疲弱的2025年后显现韧性。然而,劳工统计局同步进行的年度基准修正,却大幅下修去年就业数据,令前期统计失真的程度进一步暴露。当地时间周三,美国劳工统计局公布数据显示,1月非农就业人口增长13万人,大幅高于市场预期的6.5万人,创2025年4月以来最大增幅;失业率小幅意外降至4.3%,预期和前值均为4.4%。平均时薪环比上涨0.4%,高于预期的0.3%及下修后的前值0.1%;劳动力参与率小幅升至62.5%,略优于预期。但本次报告同时将2025年全年就业增长规模由最初报告的58.4万大幅下调至18.1万,基准修正幅度显著,表明去年劳动力市场的实际疲软程度远超此前认知。数据发布后,美股期货与美债收益率双双走高。交易员削减对6月降息的押注,目前预计首次降息时点将推迟至7月。分析认为,尽管1月数据表现强劲,但年度修正揭示了劳动力市场的基础脆弱性,这可能为美联储后续政策调整留出空间。这组数据呈现出矛盾的就业图景:1月单月表现强劲,但无法完全抵消此前的整体疲软。这将令美联储在评估降息时机时面临更复杂的考量。就业增长超预期但历史数据大幅下修1月非农新增13万人,远超预期。此前多名白宫官员释放预警信号:贸易顾问彼得·纳瓦罗表示“必须大幅下调对月度就业数据的预期”,前白宫经济顾问凯文·哈塞特亦对CNBC称“近期就业数据将略显疲软”。相关言论引导市场部分参与者形成低至3.5万人的预期,远低于6.5万人的共识中值。与此同时,劳工统计局发布年度基准修正,将2025年3月季调后非农就业总规模下修89.8万人。受此影响,2025全年就业增长由初值的58.4万大幅压缩至18.1万。月度口径下,去年平均新增就业仅1.5万人,远不及初值4.9万人。分月数据亦普遍下修:11月由5.6万下修至4.1万,12月由5.0万下修至4.8万。值得注意的是,过去26份非农报告中,有25份遭遇最终下修。医疗保健引领行业增长1月非农增长主要由医疗保健部门驱动,该行业亦是2025全年就业扩张的主要引擎。建筑业、专业与商业服务业岗位亦录得增长,制造业出现今年以来首次月度正增长。相比之下,临时帮助服务就业持续收缩,1月减少4.2万人,过去六个月中第五个月下降。就业质量结构有所改善。全职岗位单月增加58.2万人,兼职岗位增加3.1万人,延续上月趋势。主要劳动群体失业率普遍小幅回落。1月青少年失业率为13.6%,成年男性与女性分别为3.8%和4.0%。种族及族裔层面,白人失业率为3.7%,黑人失业率降至7.2%,亚裔为4.1%,西班牙裔为4.7%,均较此前数月有所改善。劳动力市场企稳1月就业报告显示,劳动力市场在经历一年持续降温、招聘低迷后正逐步企稳。尽管经济学家普遍预计2026年就业增长整体偏弱,但围绕特朗普政府经济政策的预期趋于明朗,叠加劳动力成本压力有所缓解,或促使部分雇主重新考虑扩员计划。据彭博情报首席美国利率策略师Ira Jersey分析:\"除基准修正外,就业报告几乎每个组成部分都是正面的。收益率曲线出现熊市平坦化的膝跳反应很明显。在我们看来,更好的薪资和工时数据甚至比更强的就业增长更关键,因为这意味着消费支出可以得到维持。\"裁员活动虽仍处高位,但近期出现放缓迹象。包括亚马逊、联合包裹服务公司在内的多家企业已宣布缩减或终止前期裁员计划。进入2026年以来,全美职位空缺水平降至2020年以来最低,反映招聘需求整体温和。美联储年内利率路径仍不明朗,部分分歧源于决策层对劳动力市场真实韧性的判断不一。在上月决定维持利率不变时,主席鲍威尔特别提及“就业市场基础稳固”作为政策观望的重要依据。","news_type":1,"symbols_score_info":{"159934":0.6,"518880":0.6,"SImain":1.5,"GCmain":1.5,"IAU":0.6,".DJI":2,".IXIC":2,".SPX":2,"DUST":0.6,"MGCmain":1.5,"YMmain":2,"GDX":0.6,"SGCmain":0.6,"SGUmain":0.6,"NUGT":0.6,"ESmain":2,"NQmain":2,"GLD":0.6}},"isVote":1,"tweetType":1,"viewCount":74,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":650871708,"gmtCreate":1679062982204,"gmtModify":1679063049802,"author":{"id":"3575461310267997","authorId":"3575461310267997","name":"全新新新韭菜","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575461310267997","idStr":"3575461310267997"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/FRC\">$第一共和银行(FRC)$ </a>","listText":"<a href=\"https://laohu8.com/S/FRC\">$第一共和银行(FRC)$ </a>","text":"$第一共和银行(FRC)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/650871708","isVote":1,"tweetType":1,"viewCount":1756,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":363329330,"gmtCreate":1614094856420,"gmtModify":1614094856420,"author":{"id":"3575461310267997","authorId":"3575461310267997","name":"全新新新韭菜","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575461310267997","idStr":"3575461310267997"},"themes":[],"htmlText":"美联储放话了","listText":"美联储放话了","text":"美联储放话了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/363329330","repostId":"1183015998","repostType":2,"repost":{"id":"1183015998","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据,旨在帮助投资者理解世界,做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1614091343,"share":"https://www.laohu8.com/m/news/1183015998?lang=zh_CN&edition=full","pubTime":"2021-02-23 22:42","market":"us","language":"zh","title":"纳指跌幅扩大至3%,特斯拉跌超10%","url":"https://stock-news.laohu8.com/highlight/detail?id=1183015998","media":"老虎资讯综合","summary":"2月23日盘初,美股加速下行,纳指跌幅扩大至3%。特斯拉跌超10%,市值接近跌破6000亿美元。Wedbush分析师丹尼尔·艾夫斯(Daniel Ives)称,在埃隆·马斯克的公司向这种剧烈波动的加密","content":"<p>2月23日盘初,美股加速下行,纳指跌幅扩大至3%。</p><p><a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>跌超10%,市值接近跌破6000亿美元。Wedbush分析师丹尼尔·艾夫斯(Daniel Ives)称,在埃隆·马斯克的公司向这种剧烈波动的加密货币投资了15亿美元后,特斯拉的股价现在直接与比特币价格挂钩。</p><p>重磅科技股悉数下挫,Paypal跌6.4%,<a href=\"https://laohu8.com/S/NVDA\">英伟达</a>跌5.4%,<a href=\"https://laohu8.com/S/TSM\">台积电</a>、<a href=\"https://laohu8.com/S/BABA\">阿里巴巴</a>跌超5%,<a href=\"https://laohu8.com/S/AAPL\">苹果</a>跌3.4%。</p><p>热门中概股多数走低,<a href=\"https://laohu8.com/S/NIO\">蔚来</a>汽车跌超15%,<a href=\"https://laohu8.com/S/BIDU\">百度</a>、<a href=\"https://laohu8.com/S/BILI\">哔哩哔哩</a>跌超10%,<a href=\"https://laohu8.com/S/TME\">腾讯音乐</a>、雾芯科技跌9.5%,<a href=\"https://laohu8.com/S/VIPS\">唯品会</a>跌7%,京东跌超3%。</p><p><img src=\"https://static.tigerbbs.com/d6e4250c4b4c53a73cf20ae3a7dcf80b\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p></p><p></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>纳指跌幅扩大至3%,特斯拉跌超10%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ 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0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n纳指跌幅扩大至3%,特斯拉跌超10%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2021-02-23 22:42</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>2月23日盘初,美股加速下行,纳指跌幅扩大至3%。</p><p><a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>跌超10%,市值接近跌破6000亿美元。Wedbush分析师丹尼尔·艾夫斯(Daniel Ives)称,在埃隆·马斯克的公司向这种剧烈波动的加密货币投资了15亿美元后,特斯拉的股价现在直接与比特币价格挂钩。</p><p>重磅科技股悉数下挫,Paypal跌6.4%,<a href=\"https://laohu8.com/S/NVDA\">英伟达</a>跌5.4%,<a href=\"https://laohu8.com/S/TSM\">台积电</a>、<a href=\"https://laohu8.com/S/BABA\">阿里巴巴</a>跌超5%,<a href=\"https://laohu8.com/S/AAPL\">苹果</a>跌3.4%。</p><p>热门中概股多数走低,<a href=\"https://laohu8.com/S/NIO\">蔚来</a>汽车跌超15%,<a href=\"https://laohu8.com/S/BIDU\">百度</a>、<a href=\"https://laohu8.com/S/BILI\">哔哩哔哩</a>跌超10%,<a href=\"https://laohu8.com/S/TME\">腾讯音乐</a>、雾芯科技跌9.5%,<a href=\"https://laohu8.com/S/VIPS\">唯品会</a>跌7%,京东跌超3%。</p><p><img src=\"https://static.tigerbbs.com/d6e4250c4b4c53a73cf20ae3a7dcf80b\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p></p><p></p><p></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/58c571cf0b4357240a7b67c1db539b4a","relate_stocks":{"BABA":"阿里巴巴","AAPL":"苹果",".IXIC":"NASDAQ Composite","TSLA":"特斯拉"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183015998","content_text":"2月23日盘初,美股加速下行,纳指跌幅扩大至3%。特斯拉跌超10%,市值接近跌破6000亿美元。Wedbush分析师丹尼尔·艾夫斯(Daniel Ives)称,在埃隆·马斯克的公司向这种剧烈波动的加密货币投资了15亿美元后,特斯拉的股价现在直接与比特币价格挂钩。重磅科技股悉数下挫,Paypal跌6.4%,英伟达跌5.4%,台积电、阿里巴巴跌超5%,苹果跌3.4%。热门中概股多数走低,蔚来汽车跌超15%,百度、哔哩哔哩跌超10%,腾讯音乐、雾芯科技跌9.5%,唯品会跌7%,京东跌超3%。","news_type":1,"symbols_score_info":{".IXIC":0.9,"TSLA":0.9,"BABA":0.9,"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":3534,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":384687812,"gmtCreate":1613648051836,"gmtModify":1613648051836,"author":{"id":"3575461310267997","authorId":"3575461310267997","name":"全新新新韭菜","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575461310267997","idStr":"3575461310267997"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AVGR\">$Avinger, Inc.(AVGR)$</a>妖股还是悟空来吧","listText":"<a href=\"https://laohu8.com/S/AVGR\">$Avinger, Inc.(AVGR)$</a>妖股还是悟空来吧","text":"$Avinger, 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