US Recession is Becoming More Likely With Each Passing Month

A number of economic indicators associated with forecasting recessions are currently reporting warning signals.

The Game of Trades investment research platform, pointed out the presence of serious difficulties in the labor market, where the pace of job cuts is accelerating aggressively.

Historically, since 1995, such trends have preceded recessions. Recent indications show that annual permanent job losses have risen to levels seen during the dot-com bubble, the 2008 financial crisis and the COVID-19 pandemic, raising fears of a potential recession in the second half of 2024

Additionally, data from AlphaSense indicates that many US corporations are likely to undertake mass layoffs as references to “operational efficiency“, especially since 2020.

Despite the current bull market momentum, experts warn that the US could be facing one of the worst recessions in history, potentially rivaling the Great Depression of 1929. Two-year Treasury yields are forecast to drop sharply, which also is a signal of impending economic collapse.

Speculation has focused on the timing of the recession, with many predicting it will occur in the second half of 2024, influenced by the Federal Reserve’s upcoming interest rate decision.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.