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(单词翻译:双击或拖选)
DAVID GREENE, HOST:
The U.S. stock market is still humming, despite the ongoing1 trade war and some temporary setbacks like the General Motors strike. Employers added 128,000 jobs in October, and that's more than forecasters were expecting. Job gains for both August and September were also revised upwards2. President Trump3 celebrated4 the good news, tweeting, quote, "USA rocks." NPR's Scott Horsley joins me to talk about this. Hi there, Scott.
SCOTT HORSLEY, BYLINE5: Hi, David.
GREENE: OK, so this was a surprisingly strong report from the Labor6 Department. What is it - exactly is it saying here?
HORSLEY: It was a surprisingly strong report. Forecasters were bracing7 for a really weak jobs report - partly because of that GM strike but also because we've seen signals the overall economy has been shifting to a lower gear. In general, forecasters were expecting to see job gains of 75,000 to 100,000 in October. This beats that by a good margin8. And the job gains for August and September were also revised up by a total of 95,000. What this is telling us is that the U.S. job market is remarkably9 resilient despite headwinds like a slowing global economy and all the uncertainty10 that surrounds the president's trade war. Now, all the job gains in October and the vast majority of job gains in August and September were on the services side. There were big gains in things like hospitality and health care. Those are things you tend to consume locally, so they're less affected11 by global headwinds.
GREENE: Did the good news extend to the manufacturing sector12? Because I know that's been a real weak spot.
HORSLEY: And it continues to be a weak spot. We're going to get some more information about manufacturing later this morning. But factories, along with farms, have taken the biggest hit so far because of the trade war. According to the Labor Department, there were 36,000 fewer manufacturing jobs in October than the month before. But some of that is a temporary slowdown because of that GM strike. Of course, that strike's settled now, and that means tens of thousands of auto13 workers are back on the job after 40 days on the picket14 lines. I talked to Randy Freeman. He's the president of UAW Local 652 in Lansing, Mich.
RANDY FREEMAN: They were starting to feel a little bit of a pinch, but they're glad to be back. They're glad to be working and having this behind them and going into the holiday season.
HORSLEY: And, of course, now the UAW has reached a tentative agreement with Ford15, as well, so that's good news for auto employment.
GREENE: How about the unemployment rate? I mean, that's something we always look to.
HORSLEY: Yeah. It's still really low, but it did inch up by a tenth of a percent to 3.6%. That's because the job market's been so strong, a lot of people who were on the sidelines are now coming back into the workforce16. So that's encouraging. We also saw a slight acceleration17 in wages. Over the last year, average hourly wages have increased by about 3%.
GREENE: All right - largely good news. At a moment like this, we always look to the stock market to see if investors18 are reacting, and I guess the market's open. Are we seeing anything?
HORSLEY: Yes. The markets like what they're seeing in this jobs report. The Dow Jones Industrial Average is up about 160 points at this moment, little over half a percent. You know, earlier this week, the Federal Reserve cut interest rates by a quarter percentage point. The market also liked that. But the Fed signaled that could be the last rate cut for a while unless the economy turns south. The overall pace of economic growth has been slowing, and there's a chance that the manufacturing problems could spill over into the job market. But Fed Chairman Jerome Powell says he and his colleagues aren't worried about that just yet. Right now the job market and consumer spending is holding up really well. And that's certainly underscored by this better-than-expected report from the Labor Department.
GREENE: All right. Talking through these new jobs numbers with NPR's Scott Horsley. Scott, we appreciate it. Thanks a lot.
HORSLEY: Good to be with you, David.
(SOUNDBITE OF TOR'S "APERTURE")
1 ongoing | |
adj.进行中的,前进的 | |
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2 upwards | |
adv.向上,在更高处...以上 | |
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3 trump | |
n.王牌,法宝;v.打出王牌,吹喇叭 | |
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4 celebrated | |
adj.有名的,声誉卓著的 | |
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5 byline | |
n.署名;v.署名 | |
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6 labor | |
n.劳动,努力,工作,劳工;分娩;vi.劳动,努力,苦干;vt.详细分析;麻烦 | |
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7 bracing | |
adj.令人振奋的 | |
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8 margin | |
n.页边空白;差额;余地,余裕;边,边缘 | |
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9 remarkably | |
ad.不同寻常地,相当地 | |
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10 uncertainty | |
n.易变,靠不住,不确知,不确定的事物 | |
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11 affected | |
adj.不自然的,假装的 | |
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12 sector | |
n.部门,部分;防御地段,防区;扇形 | |
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13 auto | |
n.(=automobile)(口语)汽车 | |
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14 picket | |
n.纠察队;警戒哨;v.设置纠察线;布置警卫 | |
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15 Ford | |
n.浅滩,水浅可涉处;v.涉水,涉过 | |
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16 workforce | |
n.劳动大军,劳动力 | |
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17 acceleration | |
n.加速,加速度 | |
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18 investors | |
n.投资者,出资者( investor的名词复数 ) | |
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