The U.S. unemployment numbers are steadily climbing, as indicated by recent Bureau of Labor Statistics data. Typically, significant rises in unemployment correlate directly with recessions, which are shaded gray in historical data charts.
Currently, unemployment has reached over 7 million, significantly higher than recent lows. Historically, every similar increase has coincided with or preceded an official recession declaration. Yet, mainstream economic narratives have avoided labeling this a recession.
What does this data tell us, and is the market accurately pricing in the risk? Are we already in a recession, or is this time different?
Share your thoughts below. Let's discuss the disconnect between the unemployment reality and official recession narratives.
Currently, unemployment has reached over 7 million, significantly higher than recent lows. Historically, every similar increase has coincided with or preceded an official recession declaration. Yet, mainstream economic narratives have avoided labeling this a recession.
What does this data tell us, and is the market accurately pricing in the risk? Are we already in a recession, or is this time different?
Share your thoughts below. Let's discuss the disconnect between the unemployment reality and official recession narratives.
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Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.