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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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