Interrupting news, Nick posted that according to the survey data of the New York Federal Reserve,
The proportion of individuals looking for work in the United States has risen to the highest level in 10 years.
Of course, it is not ruled out that there are many immigrant workers in this data that affect the data, but the strong excess supply in the job market will bring more choices to the demand side. Although it will reduce wage growth, it will also cause a short-term increase in unemployment, because more market supply brings more "cheap" options to companies.
The average expectation of unemployment has also jumped to a record high. In the face of the global economic crisis, which country is not worried?
