AI投资推动美国制造业就业回暖，强劲非农为9月加息再添筹码，克利夫兰联储主席再次放“鹰”_老虎社区_美港股上老虎

AI投资推动美国制造业就业回暖，强劲非农为9月加息再添筹码，克利夫兰联储主席再次放“鹰”

智通财经09-05

9月5日，美国8月就业增长意外强劲，制造业、建筑业等商品生产行业成为本轮就业扩张的重要推动力量。与此同时，克利夫兰联储主席哈马克周五再次释放明确鹰派信号，称当前通胀形势表明“是时候采取行动了”，并认为现有货币政策对经济的限制程度仍然不够。在强劲非农数据与持续通胀压力共同作用下，市场进一步提高了对美联储9月加息的押注。哈马克周五表示，无论是最新经济数据，还是她从克利夫兰联储辖区企业获得的一线反馈，都...

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Clark认为，近期制造业和建筑业就业改善很大程度上与美国大规模推进AI基础设施以及数据中心建设有关。随着科技公司投入巨额资金建设数据中心，对厂房、设备、电力基础设施以及相关制造产品的需求持续增加，并逐渐传导至实体经济就业市场。Clark同时指出，去年通过的《大而美法案》中有关设备和设施投资的税收条款，也进一步刺激了企业资本支出。从具体行业来看，美国制造业就业增长的广度也明显改善。BLS数据显示，涵盖72个制造行业的就业广度指标在8月升至近四年以来最高水平。机械设备、初级金属及金属制品、计算机和电子产品，以及电气设备和家电制造商均录得较为稳健的就业增长，显示本轮制造业就业改善并非集中于少数行业。不过，EY-Parthenon首席经济学家Gregory Daco提醒，近期制造业招聘反弹需要结合此前较弱的就业趋势来看。在本轮改善之前，美国制造业就业已经连续三年总体呈现下降趋势，因此目前的数据更可能意味着制造业就业出现阶段性转折，而能否形成持续趋势仍有待观察。白宫则迅速将强劲就业报告视为特朗普政府经济政策取得成效的证据。美国国家经济委员会主任哈塞特表示，如果进一步观察就业数据的内部结构，可以看到政策正在产生积极效果。哈塞特指出，自特朗普就任以来，从事工厂建设相关工作的就业人数已经增加约9万人。他认为，新工厂建设本身不仅创造当前就业岗位，还可能在这些设施投产后进一步带来更多长期就业机会。强劲的就业市场也使美联储9月的政策选择变得更加受到关注。一方面，AI数据中心和制造业投资正在推动经济活动与就业增长；另一方面，企业仍面临明显的投入成本上涨压力，而通胀持续高于美联储2%的目标。对于哈马克而言，这些迹象意味着美联储目前的政策限制程度可能仍然不足。如果经济增长和劳动力市场继续保持韧性，而企业成本压力又无法明显降温，美联储可能需要通过进一步收紧货币政策来防止通胀重新扩散。随着美联储官员即将进入9月议息会议前的噤声期，哈马克“是时候采取行动了”的最新表态，也成为会议前最明确的鹰派信号之一。在8月非农就业超预期、制造业招聘明显回暖以及企业投入成本仍然高企的背景下，市场对美联储9月加息的预期再次升温，而AI投资推动的经济韧性正成为影响美联储政策判断的新变量。","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}