American GDP is in a quagmire. Will temporary layoffs become permanent unemployment?

According to the data released by the US Department of Labor, the unemployment rate in the United States has fallen beyond the general market expectation, and the employment rate has improved. It shows that the policies of relaxing social restrictions and gradually restarting the economy in various States in the United States have been quite effective, and enterprises have resumed work and increased employee recruitment.

However, most of the newly created jobs come from jobs that were temporarily laid off by enterprises before, and almost all the employees who returned to work were temporarily laid off before. With the economic restart, the American government lifted the restrictions on them and started working again.

At the same time, however, novel coronavirus led to the bankruptcy of a large number of enterprises, and the bankruptcy tide of American enterprises intensified. More Americans will find that these employees who have been laid off temporarily by enterprises have become permanent unemployed after the bankruptcy of enterprises.

The United States is a country that enjoys the economic growth dividend for a long time and advocates early consumption for a long time. Under this consumption pattern, most American families have no habit of saving and saving money. Unemployment during the epidemic means losing the source of income, and it is difficult for Americans without savings to support the improvement of the American economy.

The current unemployment situation in the United States has changed from short-term impact to long-term damage. As a barometer of the economy, the employment situation in the United States continues to deteriorate, which represents the continuous deterioration of the American economy.

The impact of the COVID-19 epidemic on the United States will also change from short-term to long-term.

The American economy now seems to have entered an infinite cycle, and the unemployment situation is so bad that the Trump administration and the people are eager to restart the economy. However, restarting the economy will aggravate the COVID-19 epidemic, and the deterioration of the COVID-19 epidemic will continue to cause more people to lose their jobs.

At present, the US government's persistent fiscal deficit has been deteriorating, and the government's lavish spending pattern may be difficult to stimulate consumption. Most unemployed Americans will choose to reduce their consumption when they have no source of income.

Perhaps for the United States, figuring out the order and logic of controlling the epidemic, restarting the economy and restoring employment is the way out of the dilemma. However, more than 6 million confirmed cases in COVID-19 are the biggest problem for the United States to restore its own economy.