Good morning. Weekly jobless claims fell last week, the US labour department reported yesterday. While the lower-than-expected number looks reassuring, it may have been due to seasonal quirks — fewer US auto plants shut down this year than in a typical summer, according to multiple economists. Meanwhile, the rise in continued claims indicated that hiring is slowing. The labour market is still holding up, but we worry that some small cracks might become bigger. Email us: unhedged@ft.com.
早上好。美國勞工部昨日報告稱，上周美國的每周失業救濟申領人數有所下降。雖然低于預期的數字看起來令人安心，但多位經濟學家表示，這可能是由于季節性因素——今年關閉的美國汽車工廠數量少于往年夏季。與此同時，持續申領人數的上升表明招聘正在放緩。勞動力市場依然穩健，但我們擔心一些小裂縫可能會進一步擴大。歡迎來信：unhedged@ft.com。
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