According to data from the U.S. Bureau of Labor Statistics, the rise in employment is mainly due to an increase in the number of "part-time" workers. More laborers are choosing to increase their hours or take on multiple jobs to make up for income shortfalls, as a single salary is insufficient to meet current living costs and expenditure needs. This does not indicate a strengthening job market, but rather a passive response to being squeezed by high interest rates and high living costs.

Structurally, the growth of full-time positions has clearly slowed down, and companies are more cautious in their hiring practices, but there have not been large-scale layoffs. Correspondingly, the number of part-time and multiple job holders continues to rise, reflecting that while the quantity of employment is still present, the quality is declining. Such changes in employment structure often occur in the later stages of an economic slowdown, rather than during periods of rapid economic expansion.

Therefore, this round of employment data does not support the judgment of a re-acceleration of the economy; it is closer to a state where income is being eroded and labor supply is being forced to increase. From a macro perspective, this situation helps alleviate inflationary pressures, but it will also gradually suppress consumer willingness, causing the economy to cool slowly in a high-interest-rate environment, rather than suddenly falling into recession.

In summary, the current employment situation in the U.S. is not good, but it has not deteriorated to the point of economic recession. This is a time of extreme tug-of-war between the market and the Federal Reserve, with the market believing that the Fed will lower interest rates to avoid recession, while the Fed's thoughts remain uncertain.

Bitget VIP, lower fees, better benefits

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。