US Unemployment Rate
4.2% (actual) vs 4.2% (forecast) and 4.3% (prior)
#Normalization, not #recession
#macro
Discussion
A lot of ppl donβt want to work or arenβt forced to work
You see the revisions down from last time?
Optout rate, still to low
And the correction adjustment is due when? π
4.20%
Definition of Recession:
noun
The act of receding or withdrawing, as from a place, a claim, or a demand
A period during which economic activity, as measured by gross domestic product, declines for at least two quarters in a row in a specific country. If the decline is severe and long, such as greater than ten percent, it may be termed a depression.
Job statistics aren't really how you determine if you are in a recession.
I think this is better than a hard crash, hopefully.