1, the impact of unemployment rate in the United States
Unemployment rate is a measure of the percentage of people who are unemployed but are still actively looking for and willing to work in the United States. A high percentage indicates a weak labor market. This low percentage is a positive indicator for the US labor market and should be regarded as optimistic about the US dollar. In terms of data impact, the published value is greater than the expected value, which is equal to the negative dollar. It is not the United States that is bullish. In other words, the increase in the number of unemployed people in the United States led to the contraction of economic development, the decline of the dollar and the rise of gold. On the contrary, if the value is less than expected, it means that the number of unemployed people is declining, the economy is developing healthily, the dollar is bullish and gold is bearish.
2. Unemployment rate in the United States
About a quarter of the unemployed in the United States are active unemployed because they can receive unemployment compensation. It is also important for the United States to protect enterprises. As long as the enterprise does not go bankrupt, the enterprise will still recruit people after the epidemic disaster, and the unemployed will soon find jobs. The number of people applying for benefits has dropped for seven consecutive weeks, but the total number is rising. If we count those Americans who don't receive unemployment benefits and those part-time workers who don't have full-time jobs, the unemployment rate in the United States has actually reached about 29.4%. To make matters worse, the number of unemployed people in the United States may reach 50 million before the difficult recovery begins.
3, the consequences of the bubble economy
The stock market crash in the United States is equivalent to the property market crash in China. Americans have no concept of saving. Most people's assets are invested in the stock market. Even American pension and unemployment insurance benefits have entered the stock market. So ... Within a month, the Federal Reserve cut interest rates twice in an emergency, and the printing press began to operate. Just like 2008, only this time, it's harder and worse. The pain finally came, and inflation came as scheduled. At this time, the Americans woke up from a rude awakening and finally thought of China. They hope to buy goods from China again, just as they did in 2008, so that the shelves of supermarkets are full of goods from China, thus stabilizing prices. Unexpectedly, this time in China, it is no longer China. We won't accept this crop, so we must bear the consequences ourselves.
Postscript: Behind every bubble, it is inseparable from the direct influence of monetary policy and the help of banks and other institutions, such as loose mortgage loans, uncontrolled financial product innovation and rampant speculation. Sometimes the bubble burst comes from natural disasters, sometimes it is just a rumor, and eventually ordinary people suffer.