随着美国为大选和美联储会议做准备，十月就业报告凸显脆弱的经济背景

10 月份就业报告给美国劳动力市场带来了令人失望的震动，仅新增 12,000 个就业岗位，远低于预期的 113,000 个。

The U.S. labor market hit a roadblock in October, with just 12,000 new jobs added, a dismal figure that fell far short of expectations and sparked concerns about the health of the economy. This tepid growth, a sharp contrast to September's adjusted gain of 223,000 jobs, comes as the nation anticipates the presidential election and a crucial Federal Reserve policy meeting.

10月份美国劳动力市场遭遇瓶颈，新增就业岗位仅1.2万个，这一惨淡数字远低于预期，引发了人们对经济健康状况的担忧。这种不温不火的增长与 9 月份调整后的 223,000 个就业岗位增长形成鲜明对比，而此时正值美国即将举行总统大选和重要的美联储政策会议。

The weak jobs numbers may complicate the Federal Reserve's decision, which was widely expected to announce another rate cut next week. The central bank is attempting to strike a balance between promoting growth and curbing inflation, which has remained stubbornly high.

疲软的就业数据可能会使美联储的决定复杂化，人们普遍预计美联储将在下周宣布再次降息。央行正试图在促进增长和抑制居高不下的通胀之间取得平衡。

The Bureau of Labor Statistics noted the potential impact of severe storms in the Southeast on the jobs data, although the precise extent could not be determined. Despite the weak headline, there were some positive signs. Average hourly earnings rose 0.4% for the month, outpacing September's 0.3% increase, while weekly work hours remained steady at 34.3, slightly above forecasts.

美国劳工统计局指出东南部严重风暴对就业数据的潜在影响，但具体影响程度无法确定。尽管整体疲弱，但还是出现了一些积极的迹象。本月平均时薪增长 0.4%，超过 9 月份 0.3% 的增幅，而每周工作时间稳定在 34.3 小时，略高于预期。

The Trump campaign wasted no time in seizing upon the disappointing jobs report, presenting it as a sign of economic mismanagement. “This jobs report is a catastrophe and definitively reveals how badly Kamala Harris broke our economy,” the campaign stated, seeking to pin the blame for sluggish growth on the administration.

特朗普竞选团队立即抓住令人失望的就业报告，将其视为经济管理不善的迹象。竞选团队表示，“这份就业报告是一场灾难，明确揭示了卡马拉·哈里斯对我们的经济造成了多么严重的破坏”，并试图将经济增长低迷的责任归咎于政府。

On the other hand, the White House's Council of Economic Advisers attempted to provide a broader perspective on the jobs numbers, highlighting “distortionary factors” such as hurricanes and the Boeing strike. The Council noted that hurricanes caused an estimated 460,000 people to miss work, a key factor in October's slowdown.

另一方面，白宫经济顾问委员会试图对就业数据提供更广泛的视角，强调飓风和波音公司罢工等“扭曲因素”。该委员会指出，飓风导致估计 46 万人失业，这是 10 月份经济放缓的一个关键因素。

“When the data signal gets jammed, look to the underlying trend,” the Council stated in a blog post, suggesting that the recent jobs numbers may not fully capture the broader economic状況.

该委员会在一篇博客文章中表示：“当数据信号受到干扰时，请关注潜在趋势。”这表明最近的就业数据可能无法完全反映更广泛的经济状况。

President Joe Biden also acknowledged the impact of external challenges on the October jobs figures, describing the effects of “storm devastation” and strikes as temporary obstacles. “Job growth is expected to rebound in November as our hurricane recovery and rebuilding efforts continue,” Biden said, expressing optimism for the months ahead.

总统乔·拜登也承认外部挑战对十月份就业数据的影响，并将“风暴破坏”和罢工的影响描述为暂时的障碍。拜登表示：“随着我们的飓风恢复和重建工作继续进行，预计 11 月就业增长将出现反弹。”他对未来几个月表示乐观。

Despite the weak report, Biden highlighted the broader trajectory of the economy, emphasizing that the U.S. has “created 16 million jobs since I took office.” However, he recognized that challenges remain.

尽管报告疲软，拜登还是强调了更广泛的经济轨迹，强调美国“自我上任以来已经创造了 1600 万个就业岗位”。然而，他承认挑战仍然存在。

“There's more work to do. We are working every day to lower costs for working families on rent, prescription drugs, health insurance, and child care,” he added, underscoring the administration's focus on affordability for Americans.

“还有更多工作要做。我们每天都在努力降低工薪家庭的房租、处方药、健康保险和儿童保育费用。”他补充道，并强调了政府对美国人负担能力的关注。

Bitcoin, which had seen a surge earlier in the week as crypto markets reacted to macroeconomic shifts and speculation around a second-term win for crypto-friendly Donald Trump, remained volatile but held steady around the $70,000 mark post-report. The cryptocurrency had briefly attempted to break past $73,700, but faced resistance amid market jitters.

本周早些时候，随着加密货币市场对宏观经济变化以及对加密货币友好的唐纳德·特朗普(Donald Trump)获胜的猜测做出反应，比特币出现了飙升，比特币仍然波动较大，但在报告发布后稳定在 70,000 美元大关附近。该加密货币曾一度试图突破 73,700 美元，但在市场动荡中面临阻力。

As uncertainty continues over next week's Fed moves and election outcomes, the coming days will be closely watched for potential market ripple effects, with Bitcoin now down to the $69,000 level.

由于下周美联储举措和选举结果的不确定性仍然存在，未来几天将密切关注潜在的市场连锁反应，比特币目前已跌至 69,000 美元的水平。