{"id":133589,"date":"2024-07-21T10:00:25","date_gmt":"2024-07-21T07:00:25","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=133589"},"modified":"2024-07-21T01:20:50","modified_gmt":"2024-07-20T22:20:50","slug":"u-s-economy-faces-possible-recession-by-end-of-2024","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/u-s-economy-faces-possible-recession-by-end-of-2024\/","title":{"rendered":"U.S. Economy Faces Possible Recession by End of 2024"},"content":{"rendered":"

According to research<\/a><\/strong> from Game of Trades, there are worrying signs in the labor market. Initial jobless claims have risen significantly, increasing from 190,000 in January to 240,000 recently. This pattern mirrors previous pre-recession periods, such as those before the financial crises in 2008, 2001, and 1990.<\/p>\n

Another red flag is the declining perception of job availability. Over the past year, more people report that jobs are becoming harder to find, a sentiment that typically emerges about a year before a recession. This shift indicates growing unease in the labor market, suggesting a potential rise in unemployment soon.<\/p>\n

Perhaps the most telling sign is the inverted yield curve, a financial phenomenon where short-term interest rates exceed long-term rates. This inversion has been a consistent predictor of recessions in recent economic history. Currently, the yield curve has been inverted for the longest period since 1929. Despite the rise in jobless claims, the yield curve hasn\u2019t steepened yet, which means the financial markets might not have fully priced in the risk of a recession.<\/p>\n