🔥 It’s blown up! U.S. July non-farm payrolls actually fell into negative growth!
The just-released data immediately stunned Wall Street—July non-farm employment unexpectedly dropped by 23,000, while expectations were for an increase of 80,000! 💥 This gap is totally “Black Friday” vibes.
On the surface, the unemployment rate fell to 4.1%, but this is absolutely not good news! Because as many as 264,000 people directly gave up job searching and exited the labor force, and the labor force participation rate dropped to its lowest level since 2021. Wage growth also hit a more-than-three-year low—people’s wallets are really getting squeezed 😱.
Who’s dragging the situation down? Local governments cut education-related jobs by 50,000 without explanation. The hotel industry cooled off by 40,000 after the World Cup ended. Retail and the financial sector are also laying off staff like crazy. Even more brutal: employment data for the prior two months was revised downward substantially by 100,000—turns out the earlier “good” numbers were just an illusion!
$BTC $NVDAB
The moment the data came out, the market instantly flipped 🎢: rate-cut expectations were pushed back from September to October, U.S. stock index futures jumped briefly, and gold surged by $40 in an instant to break above 4351, while the U.S. dollar basically crumpled.
This jobs report says it all in one line: the U.S. economy really can’t hold up. A recession warning—sounding the alarm! 🚨#美国7月非农意外下降
The just-released data immediately stunned Wall Street—July non-farm employment unexpectedly dropped by 23,000, while expectations were for an increase of 80,000! 💥 This gap is totally “Black Friday” vibes.
On the surface, the unemployment rate fell to 4.1%, but this is absolutely not good news! Because as many as 264,000 people directly gave up job searching and exited the labor force, and the labor force participation rate dropped to its lowest level since 2021. Wage growth also hit a more-than-three-year low—people’s wallets are really getting squeezed 😱.
Who’s dragging the situation down? Local governments cut education-related jobs by 50,000 without explanation. The hotel industry cooled off by 40,000 after the World Cup ended. Retail and the financial sector are also laying off staff like crazy. Even more brutal: employment data for the prior two months was revised downward substantially by 100,000—turns out the earlier “good” numbers were just an illusion!
$BTC $NVDAB
The moment the data came out, the market instantly flipped 🎢: rate-cut expectations were pushed back from September to October, U.S. stock index futures jumped briefly, and gold surged by $40 in an instant to break above 4351, while the U.S. dollar basically crumpled.
This jobs report says it all in one line: the U.S. economy really can’t hold up. A recession warning—sounding the alarm! 🚨#美国7月非农意外下降
