-- 儘管波斯灣局勢動盪,韓國經季節性調整後的失業率在3月降至2.7%,低於2月的2.9%,創下四個月以來的新低。韓國數據統計部(MDS)週二公佈了這項數據。 3月份,韓國經濟活動人口(即15歲及以上且就業或正在尋找工作的公民)增至2880萬,高於去年同期的2860萬。 MDS補充道,3月失業人數減少了88.4萬人,低於2月的99.3萬人。 荷蘭投資集團ING旗下的ING Think表示,儘管3月整體就業數據良好,但韓國勞動市場的一些細節「仍然疲軟」。 ING Think指出,例如,3月失業率的下降「部分原因是勞工退出勞動市場,而非就業成長」。此外,新增就業機會主要集中在低薪、低技能的服務業職缺及自營領域。相較之下,製造業和以薪資為基礎的就業機會則有所下降。 ING Think指出,雖然高薪工廠崗位變得更加稀缺,但3月新增就業人數最多的行業是餐飲、住宿、交通運輸以及資訊通訊。 ING Think建議:“這些職位大多屬於非正式低薪崗位,對家庭支出的積極影響有限。我們認為這一趨勢表明國內需求疲軟。” ING Think補充道,中東地區及相關的供應中斷,包括石油市場供應緊張,可能會在未來幾個月加劇韓國的就業困境。 ING Think也表示:「我們也擔心,如果供應中斷持續超過兩個月,可能會削弱更廣泛行業的勞動力市場狀況。石化行業的活動,包括石腦油裂解中心的開工率,在3月份已經降至最低水平。」 “這種強制性的生產放緩預計將會蔓延開來,並開始損害其他行業的就業。”
Related Articles
Research Alert: CFRA Keeps Hold Opinion On Shares Of Otis Worldwide Corporation
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We cut our 12-month target to $90 from $100 following Q1 earnings, valuing OTIS shares at 19.6x our 2027 EPS outlook of $4.58 (down from $4.70; 2026 EPS view updated to $4.18 from $4.25), a modest discount to industrial machinery peers' and OTIS's five-year forward multiple average given unclear timing of ongoing margin headwinds. Service margins were disappointing in Q1 (contracting 160 bps to 23%) amid higher labor and material costs that came in above pricing. Weakness in China has yet to stabilize, though as noted in the past, this represents a shrinking area of OTIS's portfolio and will have a more limited effect going forward. Overall, the latest quarter was more of the same (China weakness/New Equipment decline), though with the added concern of margin quality being pressured within Service - the core profit driver for OTIS overall. While efforts to shore up profitability are underway, we see timing of recovery being uncertain.
Saudi Shares Start Week Higher; US-Iran Peace Talks Canceled
The Tadawul All Share Index closed Sunday 0.11% higher as investors assessed the latest updates regarding the conflict in the Middle East.US President Donald Trump said on his Truth Social account that the Pakistani trip for his envoys, Steve Witkoff and Jared Kushner, was canceled. The announcement dimmed the hopes for peace talks between Iran and the US to happen any time soon.Further to this, Israel launched an attack in Lebanon on April 25. The strikes, which targeted Hezbollah, resulted in four casualties and facility damage in Southern Lebanon.Back at home, Rabigh Refining and Petrochemical (SASE:2380), d/b/a Petro Rabigh, and Thob Al Aseel (SASE:4012) posted their financial results for the three months ended March 31. Petro Rabigh emerged from a loss in the first quarter, while Thob Al Aseel logged a higher net profit and revenue."The reason for net profit reported during the current quarter compared to a net loss recorded in the same quarter of last year was primarily attributable to improved product margins resulting from stronger refined product pricing and higher sales volumes," Petro Rabigh said in its report.Petro Rabigh rose 10% at closing, while Thob Al Aseel ticked down 1.59%.Meanwhile, the local calendar will be mostly empty except for the kingdom's preliminary figures for its GDP growth rate for the first quarter and the M3 money supply and private bank lending data for March on Thursday.
Research Alert: CFRA Maintains Hold Rating On Shares Of United Rentals Inc.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our 12-month target price to $1,100 from $950 following a strong first quarter, valuing shares at 20.5x our 2027 EPS outlook of $54.28 (in line with previous estimate; 2026 EPS also in line). We believe a higher multiple is justified given URI's firming market leadership within an expanding rental equipment industry. A robust Q1 beat enabled URI to raise its full-year revenue guidance to $16.9B-$17.4B and adjusted EBITDA to $7.625B-$7.875B, citing momentum heading into a busy season. With leverage well below historical levels, we believe accretive M&A deals could serve as a potential catalyst for additional guidance increases. Margin compression has been a sticky issue for URI, but Q1 indicated that pricing may have turned around and that headwinds are starting to ease as quarterly results begin to lap when tariff-related inflation began to pick-up. We remain cautious on margins, though are encouraged by signs of stabilization. New project activity is likely supporting pricing trends, in our view.