Posted 12/16/2023, 10:00:00 AM
Recession Warning Signs Mount as Unemployment Rises, Job Growth Slows
- Unemployment rate trending up by 0.3 percentage points over 3 months, signaling potential recession
- Temporary employment growth has turned negative, typically seen at start of past recessions
- Permanent job losses up over 20% year-over-year, only seen during past recessions
- Trucking industry job growth nearing recessionary levels
- Job openings falling despite rising stock market, signaling disconnect between markets and economy