Quoted By:
>The US unemployment rate has risen for 4 consecutive months, the longest streak since the 2008 Financial Crisis. Over the last 75 years, every time unemployment rose for 4 consecutive months, the US economy entered recession. The jobless rate has surged from 3.8% in March to 4.3% in July, its highest level since October 2021. Meanwhile, the US hires rate declined to 3.4% in July, its lowest level since the 2020 Pandemic and below the pre-pandemic average of 3.8%.
>The US labor market is contracting
lmao rip bozo
