Layoffs at Major Companies Spark Recession Fears as Unemployment Rises
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Recent layoffs at large companies like LinkedIn, CVS, and General Motors have raised concerns about rising unemployment.
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Economist Torsten Slok warns upcoming jobless data could show claims rising to 250K-300K, which would impact markets.
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Historical data shows layoffs tend to depress stock prices overall, despite short-term boosts.
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If mass layoffs spur ongoing unemployment hikes, it could signal a recession, hurting stocks.
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For now, some analysts see economy and bonds remaining resilient, with potential for a 2024 rebound.