๐บ๐ธ Is the US economy in trouble?
Crescat reports: The ISM Employment Index fell to its lowest level since the COVID-19 recession.
๐ฒMeanwhile, the unemployment rate has exceeded its 3-year moving average, a historical warning sign of labor market weakness. The US dollar reacted with a sharp decline, losing -1.6% from the previous week.
Is a US recession just around the corner?
โค๏ธ- Yes
๐ฅ- No
