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cover of episode Jobs Week Rolls on as Market Awaits Trade News

Jobs Week Rolls on as Market Awaits Trade News

2025/6/4
logo of podcast Schwab Market Update Audio

Schwab Market Update Audio
AI Deep Dive AI Chapters Transcript
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Cooper Howard
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Jeffrey Kleintop
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Kevin Gordon
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Kevin Gordon: 作为一名资深投资策略师，我认为四月份的职位空缺数量的意外上升确实令人眼前一亮。然而，与此同时，裁员人数的增加也引起了我的关注。这可能暗示着企业在削减职位方面变得更加得心应手，即使他们曾经在疫情后时期难以找到合适的员工。辞职率的下降也反映出工人们对于离开现有工作的意愿有所降低，这可能是因为他们对找到新工作感到担忧，或者没有看到足够多的新机会。当然，这仅仅是一个月的数据，因此我们很难从中得出确凿的结论，需要持续观察。 Cooper Howard: 作为固定收益策略主管，我认为美联储已经明确表示，在未来的政策决策上，他们将保持观望态度，直到有新的数据出现。我个人预计，美联储的下一步行动很可能是降息，但这将很大程度上取决于劳动力市场的发展情况。因此，周五即将公布的非农就业数据将成为一个非常重要的事件，它将为我们提供更多关于劳动力市场健康状况的线索，并帮助我们更好地预测美联储的下一步行动。

Deep Dive

Chapters
This week's jobs data shows conflicting signals. While ADP private sector jobs and layoff data are released, the April job openings and labor turnover survey showed mixed results with hiring above expectations but layoffs also increasing. Factory orders fell, yet the Atlanta Fed's GDP Now estimate is rising.
  • ADP private sector jobs data released this morning
  • layoff data to follow tomorrow
  • April job openings higher than expected but layoffs also rose
  • Factory orders fell by 3.7%
  • Atlanta Fed's GDP Now estimate for Q2 GDP growth increased to 4.6%

Shownotes Transcript

ADP jobs data today precedes layoff data tomorrow. Trade is in focus, especially regarding China. Chip stocks rose ahead of Broadcom's results, and nonfarm payrolls loom Friday.

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