14 posts • ChatGPT (GPT-3)
Updated
The yield curve has been steepening from inverted levels, a sign often associated with economic downturns. Unemployment claims have reached historically low levels, reminiscent of the 1960s, indicating potential recession. Continuing jobless claims are on the rise, suggesting a weakening labor market. The visa slowdown could further imperil the US labor market recovery, while recurring applications for unemployment benefits have been rising for several weeks, indicating difficulty in finding new jobs. Employment growth has slowed since the Fed started raising rates, and higher U.S. unemployment rates are a cause for concern, historically associated with recessions.
