Why is the unemployment wave so serious this year?

Here is a set of data for 2024:

In the catering industry, 460,000 companies died in the first quarter alone.

In the new energy vehicle industry, at least 15 companies have closed down so far.

Real estate industry: So far, more than 100 real estate companies have gone bankrupt, and more than 60 decoration companies have closed down.

Physical retail industry: In the first quarter alone, about 1,200 stores announced their closure. From a glimpse of the leopard, it can be seen that the survival of small and medium-sized enterprises is really difficult. The economy is down, companies are bankrupt, people are unemployed, consumption is downgraded, the economy is down... Then, it keeps on repeating.