Are U.S. Labor Markets and Other Data Signaling an Economic Slowdown?
Former JPMorgan Chase Global Chief Economist (Ph.D in Economics) & Current BrightQuery Chief Economist
Source: YouTube
If so, we should ask Jeezy (formerly known as Young Jeezy), the American rapper who accurately predicted the 2007-2009 recession before the National Bureau of Economic Research (NBER), if we are in a recession. Unfortunately, U.S. labor markets are telegraphing mixed signals. The May (2024) unemployment rate rose to 4.0% as the number of…
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