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Unemployment rise spurs fears of slowdown, yet recession signals have been wrong

  • A rise in the U.S. Unemployment rate last month has unsettled financial markets and raised recession fears, but it may not indicate a real downturn.
  • Sahm doubts a recession is "imminent," noting that many indicators have failed post-pandemic.
  • The U.S. Labor Department's report prompted a drop in the Dow Jones average by over 700 points, as unemployment reached 4.3%, the highest since October 2021.
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Associated Press NewsAssociated Press News

The Fed's high rates spur fear of slowdown, yet recession signals have so far proved wrong

WASHINGTON (AP) — The turmoil shaking global financial markets reflects a sudden fear that the Federal Reserve may have held its key interest rate too high for too long, heightening

·United States
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abc Newsabc News

Unemployment rise spurs fears of slowdown, yet recession signals have been wrong

A surprising rise in the unemployment rate last month has rattled financial markets and set off new worries about the threat of a recession — but it could also prove to be a false alarm

·United States
Read Full Article
Winnipeg Free PressWinnipeg Free Press

Unemployment rise spurs fears of slowdown, yet recession signals have been wrong

WASHINGTON (AP) — A surprising rise in the U.S. unemployment rate last month has rattled financial markets and set off new worries about the threat of a recession

·Winnipeg, Canada
Read Full Article
MY NorthwestMY Northwest

Unemployment rise spurs fears of slowdown, yet recession signals have been wrong

WASHINGTON (AP) — A surprising rise in the U.S. unemployment rate last month has rattled financial markets and set off new worries about the threat of a

·Tacoma, United States
Read Full Article
Chicago TribuneChicago Tribune

Rising unemployment spurs fears of slowdown, but recession signals have been wrong

A surprising rise in the U.S. unemployment rate last month has rattled financial markets and set off new worries about the threat of a recession.

·Chicago, United States
Read Full Article
Boston HeraldBoston Herald

Unemployment rise spurs fears of slowdown, yet recession signals have been wrong

By CHRISTOPHER RUGABER and PAUL WISEMAN WASHINGTON (AP) — A surprising rise in the U.S. unemployment rate last month has rattled financial markets and set off new worries about the threat of a recession — but it could also prove to be a false alarm. Friday’s jobs report, which also showed hiring slowed last month, […]

·Boston, United States
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