Historically, over the last 75 years, every instance of unemployment increasing for four consecutive months has been followed by a recession in the US economy.
Unemployment has jumped from 3.8% in March to 4.3% in July, reaching its highest point since October 2021.
At the same time, the hiring rate in the US dropped to 3.4% in July, its lowest level since the 2020 Pandemic and below the pre-pandemic average of 3.8%.
submitted by /u/XGramatik
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