分析:美国经济数据诡异背离致使美联储陷入政策迷局

GateNews

BlockBeats 消息,11 月 24 日,美国经济正出现令人费解的异常现象,这让肩负遏制通胀和维护劳动力市场双重使命的政策制定者感到不安。劳工部数据显示,6 月和 8 月就业岗位出现减少,截至 9 月的三个月平均新增就业人数仅约 6.2 万。然而作为经济产出关键驱动力的工人生产率却保持高位。衡量经济中所有商品与服务产出的国内生产总值(GDP)也维持强劲。这种经济扩张与劳动力市场疲软并存的矛盾现象,给美联储政策制定者带来了难题,使他们难以判断经济究竟需要降温还是需要刺激。经济学家认为,目前尚不确定降息能否最终抵消重大政策变化对招聘的侵蚀效应。牛津经济学首席美国经济学家 Ryan Sweet 表示,「所幸我们尚未看到大规模裁员,否则无就业扩张就会演变为经济衰退。经济可以在不创造大量就业的情况下增长,但前提是生产率必须保持良好增长。」无就业扩张可能迅速演变为经济衰退。

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