Yes, unemployment exists in India, Government Data (as of la | Kashdiya on Binance Square

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Yes, unemployment exists in India,Government Data (as of latest available in 2024)
Overall unemployment rate fluctuates but has ranged between 6–8% in recent years (CMIE data).

DON MEGALODON

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And in India, is there unemployment?

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US Jobless? Here’s the latest on the U.S. May jobs report as of Friday, June 6, 2025: ⸻ 📈 May 2025 Jobs Report (Released June 6) 1. Nonfarm Payrolls • +139,000 jobs added, slightly above forecasts (~130,000) but below the 12‑month average (~149,000) . • Revisions: March and April combined were 95,000 fewer than originally reported (March down by 65,000; April down by 30,000) . 2. Unemployment Rate • Held steady at 4.2%, matching expectations . • Labor force participation slightly decreased (~62.4%) . 3. Sector Highlights • Healthcare: +62,000 jobs . • Leisure & Hospitality: +48,000 jobs . • Social Assistance: +16,000 jobs . • Federal Government: –22,000 jobs . 4. Wages & Hours • Average hourly earnings rose by 0.4% monthly, +3.9% over past year, averaging $36.24/hr . • Average workweek remained steady at 34.3 hours . 📌 Market & Fed Implications • Markets rallied: Equity futures climbed, Treasury yields rose (~10‑year yield ~4.46%) on signs of economic resilience . • Federal Reserve stance: The Fed is likely to hold rates steady at their June 17–18 meeting, with markets pushing a possible first rate cut by September, then maybe December . • Trade uncertainty: Growth slowed partly due to tariff-related business hesitation . ✍️ Summary Indicator May (2025) Note Nonfarm Payrolls +139,000 jobs Slower growth vs avg +149K but above forecasts Unemployment Rate 4.2% Unchanged Wage Growth +0.4% MoM, +3.9% YoY Strong wage pressure Notable Gains +62K Healthcare, +48K Leisure & Hospitality Federal Govt Jobs –22,000 Ongoing reductions Average Workweek 34.3 hours Unchanged ✅ Bottom Line The U.S. labor market shows signs of moderate cooling, not collapse. Job growth is slowing, but wages are rising and unemployment remains low. This supports a case for the Fed to stay on hold in June, with cuts now expected later in the year—assuming trade tensions don’t worsen and inflation continues to ease.

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#BigTechStablecoin #Write2Earn A Big Tech stablecoin refers to a stable digital currency that is developed or backed by a large technology company. These stablecoins aim to combine the efficiency and transparency of blockchain technology with the global reach and user base of major tech firms. Concepts: 1. Diem (formerly Libra) by Meta (Facebook) – Discontinued • Initiated by: Meta (then Facebook) • Goal: Create a global digital currency backed by a basket of assets. • Challenges: Regulatory pushback led to delays and eventual shutdown. • Status: Assets sold to Silvergate Bank in 2022; the Diem project was discontinued. 2. Amazon or Apple Stablecoin (Hypothetical) • These companies have not released official stablecoins, but speculation exists around: • Amazon Coin: Could be used in the Amazon ecosystem for faster, cheaper transactions. • Apple Pay with Stablecoin Integration: Apple could leverage stablecoins through partnerships or their own token to enhance financial services. 3. PayPal USD (PYUSD) • Issued by: Paxos, in partnership with PayPal • Pegged to: USD, with 1:1 backing by cash and equivalents • Use case: Payments within PayPal and potentially for external merchants and DeFi. 4. Circle’s USDC in Partnership with Big Tech • USDC is issued by Circle, widely used in crypto payments. • Integration: Circle has formed partnerships with Apple Pay, Stripe, and others, making USDC usable through tech platforms without issuing their own coins. Benefits of Big Tech Stablecoins: • Widespread Adoption: Leveraging billions of users. • Trust: Users may trust a known brand over anonymous crypto issuers. • Speed & Cost: Instant settlement and low fees. • Ecosystem Integration: Can be used for in-app purchases, remittances, and rewards. Regulatory Concerns: • Monetary Sovereignty: Governments fear Big Tech could undermine national currencies. • Data Privacy: Concerns over companies like Meta controlling financial and personal data. • Antitrust Issues: Could further entrench Big Tech dominance.

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