美国11月就业报告市场解读 - 报告呈现矛盾信号 对经济强弱看法不一 悲观者关注失业率高于预期及10月就业岗位减少 [1] 乐观者关注11月就业增长超预期 并指出失业率上升主因劳动力增长 [2] - 市场对劳动力市场状态无明确判断 交易员对1月降息的押注基本不变 根据CME FedWatch工具 目前降息概率为25.5% 较报告发布前上升约1个百分点 [3] - 财富管理公司总裁评论称 数据显示经济正在喘息 就业增长保持但出现裂痕 消费者仍在支撑但未加速 [4] 金融市场反应 - 市场情绪矛盾 美国主要股指涨跌互现 标普500指数下跌0.24% 道琼斯工业平均指数下跌0.62% 纳斯达克综合指数微涨0.23% [4] - 纳斯达克指数上涨部分得益于特斯拉股价创下历史收盘新高 [4]

A restaurant displays a 'hiring' sign in its window in Manhattan on Dec. 16, 2025, in New York City.The U.S. November jobs report has something for everybody. Those convinced of weakness will highlight the higher-than-expected unemployment rate as well as the number of jobs shrinking in October. On the other hand, proponents of a strong economy will focus on jobs growth in November beating estimates, and point out that the increase in the unemployment rate was mostly because the labor force grew, as CNBC's ...