Pearl Necklace

Thursday, August 3, 2017

Official unemployment in the US reached a level of 9.5% - a record for the past 25 years. It should be borne in mind that during the Clinton administration the methodology of the level of unemployment calculation was changed, if using the "Reagan" standards, then unemployment in June 2009 in the US should be estimated at 16.5%. This is an unprecedented indicator since the end of the Second World War. Unemployment in the Eurozone also reached the level of 9.5% - this is a ten-year record. In Japan, the unemployment rate was 5.2% - a five-year record. The dynamics of the unemployment rate continues to be negative, a positive decrease in the rate of its fall is already considered positive.

The United States, Japan and the Eurozone collectively consume about 80% of diamond jewelry, with the main weather in this market being made by the middle class, who suffer the most from growing unemployment. The growth of unemployment and the condition of the diamond market are in a stable correlation to each other - in the first half of 2009, polished imports in the US declined by more than 50% compared to the same period last year, imports into Japan fell by more than a third.

So far, there is no reason to say that the US, Japanese and Eurozone economies will recover to pre-crisis levels in the next 1.5 to 2 years. On the contrary, there is a steady tendency to revise forecasts in favor of pessimistic scenarios, since it is already clear that mass layoffs and salary cuts will quickly lead to a reduction in the purchasing power of the population, to a reduction in demand, which in turn leads to a reduction in production - The spiral leading to the abyss. Attempts to get out of this spin by pumping liquidity in the banking sector so far allowed only to slow down the process, but did not lead to a radical solution to the problem - voices about the forthcoming fall of the second wave of the crisis, the rapidly growing deficits of national and corporate budgets are being voiced.

http://rough-polished.com/ru/analytics/28089.html

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