🚨ATTENTION🚨
🩸Recessionary ECONOMIC DATA begins to arrive
⚠️This data is known at a time when investors are closely watching for any signs of a possible ECONOMIC SLOWDOWN
What are the new data and why do they MATTER⁉️
👉The opening of NEW JOBS PLUNGED, dropping from 7.480M to 7.192M while 7.490M was expected
-It is the WORST reading in 4 years and WORSE than expected
👉Consumer confidence PLUNGED for the fifth consecutive month and more than expected as fears about employment rise
-It fell to its lowest level since the early days of the COVID-19 pandemic, dropping from 93.9 to 86, while 87.7 was expected
📍The WEAKENING of the LABOR MARKET and CONSUMER STRENGTH is TYPICAL of recessions