#劳动力市场 Recently, I've been a bit confused by the topic of the labor market. I've always heard that employment data affects the crypto world, but I don't really understand how it does 😅

After looking at the latest analyses from Bitfinex and Goldman Sachs, I realized that the current situation is like this: the unemployment rate in the U.S. is falling, while the layoff rate has hit a three-year high, which means the Federal Reserve might lower interest rates to stimulate the economy. It sounds like good news for Bitcoin, right? But the problem is that consumer debt is now super high (credit card debt has already exceeded $1.2 trillion), and the average interest rate is over 20%...

This makes me a bit nervous because Goldman Sachs said that the upcoming space for interest rate cuts actually depends on whether the labor market can worsen further. In other words, although interest rate cuts can support asset prices, if the employment situation really deteriorates, could that mean the economy might have problems?

It feels like the current market is walking on a tightrope, both looking forward to the benefits of interest rate cuts and worrying about the underlying economic risks. Can any experts help me understand why weak employment data is actually a double-edged sword? Or should newcomers just lower their expectations and stay cautious?