#TradingMistakes101

The number of employed people in the US has plummeted, and the unemployment rate has skyrocketed, indicating that a potential financial crisis is quietly brewing!

First of all, the biggest financial backer in the crypto world, Wall Street, has encountered problems. Employment data has continuously deteriorated, and in the latest unemployment figures, the number of initial jobless claims exceeded expectations, rising by 10,000, an increase of over 5%. This marks the second consecutive increase in unemployment numbers.

Then another employment data, the ADP non-farm report, also collapsed. The expected new jobs were 110,000, but the actual new jobs were only 37,000. It's simply a cut and then another cut. The negative effects caused by tariffs have already begun to quietly emerge, economic indicators are giving warnings, and the current false prosperity may just be an illusion, with a recession or even a financial crisis brewing.