⚠️ALERT⚠️
👀 More NEGATIVE signals in the U.S. labor market that could push the FED to cut rates soon.
🩸 Youth UNEMPLOYMENT is surging STRONGLY, especially among graduates, and is already reaching concerning levels 👇
▪️ 20-24 years: average unemployment rate is 8.1% over the last 3 months, the highest level in 4 years.
▪️ Approaching the peaks seen in 2008.
▪️ 16-24 years: average of 9.9%, the highest since May 2021, and +3.4 points since the low in April 2023.
- This, combined with the CHAOTIC DATA from the LABOR REPORT, calls for rate cuts
- Let's remember that a total of 258,000 jobs “disappeared” from the official data in revisions
How could this impact financial markets⁉️
📍 The adoption of AI and the cooling of the economy are INCREASING UNEMPLOYMENT
📍 If the FED does not cut the rate, FEARS of RECESSION could resume
📍 It is practically taken for granted that the FED will cut in September (+93% probability)
Source: Bank Of America