Now that the financial crisis, is it really difficult to find employment in a foreign country?

It's really hard, the unemployment rate in the United States is 29%.

I'm sure of you: yes!

Looking at the rhetoric of this financial crisis, it is not so much because of an unexpected event (subprime mortgage crisis), but because the US economy has been running on a platform of high growth rate, low inflation and low unemployment for more than 5 years, ignoring investment risks, which led to the outbreak of the crisis.

In fact, I personally think this is inevitable.

First of all, due to the "subprime mortgage crisis", I don't know if the specific background is clear to you, let me introduce it in general:

The subprime mortgage crisis, a storm caused by the bankruptcy of subprime mortgage lenders, the forced closure of investments, and the violent. It has led to a looming illiquidity crisis in the world's major financial markets. The immediate cause of the storm in the U.S. subprime mortgage market was rising interest rates in the U.S. and the continued cooling of the housing market.

Subprime mortgages are loans made by some lenders to borrowers with poor credit ratings and low incomes. The rise in interest rates has led to an increase in repayment pressure, and many users with poor credit feel that there is a high pressure to repay, and there is a possibility of default, which will affect the recovery of bank loans. As the U.S. housing market cools, especially short-term interest rates rise, subprime mortgage repayment rates have also risen sharply, greatly increasing the repayment burden for homebuyers.

At the same time, the continued cooling of the housing market has also made it difficult for home buyers to refinance their homes or mortgage homes. This situation directly led to the failure of borrowers of large batches of mortgage loans to repay their loans on time, which in turn led to the "subprime mortgage crisis". The source of the subprime mortgage crisis in the United States is that the real estate financial institutions in the United States relaxed loan conditions during the market boom and launched loan products that were loosened before and then tightened.

The root cause of the subprime mortgage crisis in the United States is the decline in the housing market caused by the Federal Reserve's interest rate hikes.

As for the scope of this crisis:

First of all, it is the large number of home buyers with low incomes who have been hit. Unable to repay their loans, they will face the difficult situation of having their homes repossessed by banks.

Finally, the U.S. and Europe will also be hit hard as many of the investments in the U.S. and Europe are heavily derived from subprime mortgages.

The "subprime mortgage crisis" in the United States will increase the possibility of violent turbulence, thus bringing challenges to the normal global financial order and even world economic growth.

This is for sure, because many companies have closed down or laid off employees, and the employment rate will definitely fall!

The financial crisis will affect employment, but the extent of the impact will depend on the extent of the financial crisis. The financial crisis, the bankruptcy and closure of businesses, the increase in unemployment, and the lack of job opportunities.