For the past four months, the US unemployment rate has been on the rise, marking its longest upward trend since the 2008 Financial Crisis, signaling a contraction in the labor market.

August 7, 2024

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%.

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Turkey is introducing regulations that will require users making transactions over $425 to provide their identity to cryptocurrency service providers

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Right now, the Israeli Air Force is launching powerful strikes on Yemen. They are bombing power stations, the airport in Sana’a, and the port in Hodeidah. The Houthis have pushed too far. But, it’s safe to assume that this is the very last warning to Iran. If Iran doesn’t get the message…

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For the past four months, the US unemployment rate has been on the rise, marking its longest upward trend since the 2008 Financial Crisis, signaling a contraction in the labor market.

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Turkey is introducing regulations that will require users making transactions over $425 to provide their identity to cryptocurrency service providers

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