The number of employed people in the U.S. has sharply declined, and the unemployment rate has soared, a potential financial crisis is quietly brewing!
First, the biggest financial backer in the cryptocurrency world, Wall Street, has encountered problems. Employment data has continuously collapsed; in the latest unemployment data, the number of initial unemployment claims unexpectedly rose by 10,000, an increase of over 5%. This marks the second consecutive rise in unemployment figures.
Then, another employment data point, the small non-farm ADP, also experienced a significant drop, with expectations of 110,000 new jobs, but the actual increase was only 37,000. It’s essentially been cut in half, and the negative effects caused by tariffs are beginning to quietly emerge. Economic indicators are giving warnings; the current false prosperity may only be an illusion, and a recession or even a financial crisis is brewing.
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