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The expectation of 59,000 people is itself a joke.
In January, non-farm payrolls were 130,000, and in February, the forecast was directly halved to 59,000? What does this indicate? It shows that the market has long known the economy is not doing well, but this expectation has already been priced in. If the actual data comes out lower than 59,000, it will be a double blow—recession plus missed expectations!
Trap Two: The false prosperity of the employment structure.
Even if the number reaches 59,000, do you know how this figure is derived? 90% of the growth is concentrated in healthcare and government jobs, with almost zero growth in private enterprises! It’s like a person who is completely paralyzed except for moving their fingers—do you call that healthy? Once these "fake jobs" are excluded, the real data could be negative!
Trap Three: The hidden crisis in the unemployment rate.
An unemployment rate of 4.3% seems stable, but "low hiring, low layoffs" is the most fragile balance. Companies are ready to lay off employees at any time. Once the non-farm payrolls data looks bad, big companies will act immediately. A surge in the unemployment rate would be the final straw crushing the market!