2026-07-02 08:38:00-0400 / 哥伦比亚广播公司新闻(CBS News)
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更新于:2026年7月2日 / 美国东部时间下午12:02 / 哥伦比亚广播公司新闻(CBS News)
美国雇主6月新增就业岗位5.7万个,远低于分析师预期,表明招聘势头可能正在减弱。
核心数据
接受FactSet调查的经济学家此前预测美国经济上月将新增10万个就业岗位。
6月失业率为4.2%,较5月的4.3%有所下降。
6月就业报告标志着3月至5月连续强劲就业报告后的放缓,这三个月的新增岗位均超过10万个。美国劳工部周四将4月和5月的就业增长数据向下修正了总计7.4万个,表明就业增长此前比报告的更为疲软。
按行业划分,专业和商业服务业6月新增岗位最多,达到3.6万个。医疗保健行业也继续增雇员工,不过增速较前几个月有所放缓。劳工部表示,该行业6月新增2.2万个就业岗位,低于过去12个月平均每月3.8万个的增幅。
休闲和 hospitality(休闲与酒店业)减少了6.1万个就业岗位,这让一些经济学家感到意外,他们原本预计受世界杯和独立日庆祝活动影响,该行业招聘情况会更好。
资本经济公司(Capital Economics)表示,这份乏善可陈的就业报告背后的主要原因是住宿和餐饮服务业就业人数减少了5.5万——这是休闲和酒店业整体的一部分——这一数据较5月出现逆转,拖累了6月的就业增长。
不过,一些专家对这些数据表示质疑。
“在世界杯举办期间,休闲和酒店业出现就业负增长是绝对不可能的,”哈里斯金融集团(Harris Financial Group)管理合伙人杰米·考克斯(Jamie Cox)在一封电子邮件中说道,“未来几个月数据会向上修正。”
专家观点
尽管6月招聘数据弱于预期,但分析师指出,整体劳动力市场状况自今年早些时候以来已有所改善,就业继续以健康速度增长。4月至6月,雇主平均每月新增约11.1万个就业岗位,而1月至3月这一数字约为每月7.3万个。
美国互保资本管理公司(Mutual of America Capital Management)经济与固定收益研究副总裁杰里·坦普尔曼(Jerry Tempelman)指出了劳动力市场的韧性。
“到目前为止,地缘政治和通胀逆风对就业增长的放缓或阻碍仅产生了极小影响,就业增长已经超过了去年的增速,”他在一封电子邮件中说道。
不过,经济学家表示,这份报告可能暗示了劳动力市场存在潜在问题。近几个月来,招聘率一直处于低迷状态,削弱了消费者对找到新工作的信心。
这对美联储降息意味着什么?
周四这份令人失望的就业报告可能为美联储应对通胀提供了喘息空间,当前通胀已跃升至三年多来的最高水平。
尽管美联储上月暗示今年晚些时候可能加息,但经济学家表示,持续疲软的就业增长可能通过减轻雇主提高工人工资的压力来缓解通胀。
与此同时,今年以来就业岗位的稳健增长和低失业率可能会阻止美联储立即下调基准利率以提振就业。
“从美联储的角度来看,就业增长的强度不足以表明美联储应该加息以放缓就业增长,但也没有足够疲软到有理由降息,”投资公司FHN Financial首席经济学家克里斯·洛(Chris Low)在一份报告中说道。
编辑:艾米·皮奇(Aimee Picchi)
Employers added 57,000 jobs in June, far below forecasts as hiring slowed
2026-07-02 08:38:00-0400 / CBS News
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Updated on: July 2, 2026 / 12:02 PM EDT / CBS News
U.S. employers added 57,000 jobs in June, far below analysts’ forecasts and signaling that hiring may be losing momentum.
By the numbers
Economists polled by FactSet had predicted the economy would add 100,000 jobs last month.
The unemployment rate was 4.2% in June, down from 4.3% in May.
June’s payroll report marked a slowdown after a string of strong reports from March through May, each of which topped 100,000 jobs. On Thursday, the Labor Department revised down job growth for April and May by a combined 74,000, indicating hiring was weaker than previously reported.
By sector, the professional and business services industry saw the largest gains in June, adding 36,000 jobs. Healthcare also continued to add workers, though at a slower pace than in prior months. The sector added 22,000 jobs in June, below the average monthly gain of 38,000 over the prior 12 months, the Labor Department said.
Leisure and hospitality shed 61,000 jobs, surprising some economists who had expected stronger hiring in the industry because of the World Cup and July 4 celebrations.
Capital Economics said the main culprit behind the lackluster job report was a 55,000 decline in accommodation and food services employment — part of the overall leisure and hospitality sector — a reversal from May that dragged down June’s job growth.
However, some experts expressed doubts about the numbers.
“There is zero chance leisure and hospitality posts a negative print in the midst of the World Cup,” Jamie Cox, Managing Partner for Harris Financial Group, said in an email. “Revisions higher in the next few months are coming.”
What experts are saying
Despite weaker-than-expected hiring in June, analysts noted that overall labor market conditions have improved since earlier in the year, with employment continuing to grow at a healthy pace. Employers added an average of roughly 111,000 jobs a month from April to June, compared with about 73,000 jobs a month from January to March.
Jerry Tempelman, vice president of economic and fixed income research at Mutual of America Capital Management, pointed to the labor market’s resilience.
“Geopolitical and inflationary headwinds have had only a minimal effect on slowing or preventing hiring to this point, and payroll growth has already surpassed last year’s pace,” he said in an email.
Still, economists said the report could hint at underlying issues in the labor market. The hiring rate has remained depressed in recent months, weighing on consumers’ confidence about finding a new job.
What does this mean for Fed rate cuts?
Thursday’s underwhelming jobs report could give the Federal Reserve some breathing room in dealing with inflation, which has jumped to its highest levels in more than three years.
Although the Fed signaled last month that it is open to raising interest rates later this year, a stretch of softer job growth could ease inflation by reducing the pressure on employers to raise worker wages, according to economists.
At the same time, solid payroll gains this year and low unemployment could forestall any immediate need for the Fed to lower its benchmark rate to boost hiring.
“From a Federal Reserve point of view, there is not enough job strength to suggest the Fed should hike to slow job growth, but neither is there enough weakness to justify cuts,” Chris Low, chief economist at investment firm FHN Financial, said in a report.
Edited by Aimee Picchi
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