Posted 2/27/2024, 4:34:13 PM
Unemployment Data Conflicts Raise Doubts on Economic Outlook
- Unemployment remained at 3.7% in January for the third month, but Bond King Gundlach doubts the data
- 88% of states reported rising unemployment over the past 6 months, conflicting with federal data
- Major population states like Florida and California reported rising unemployment
- Wise investors should watch March 8 report, as it indicates Fed's view on economy
- If recession happens this year, unemployment will likely spike due to increased layoffs
