Don’t Let the Labor Market Fool You, We’re Heading into a Recession (NASDAQ:QQQ)


Some investors hope that if the unemployment rate on March 10 remains historically low, it will indicate that our economy is not heading into a recession or, at worst, only a mild short-term one. Wrong. Unemployment is oneSP500

M2 money supply over the last 12 months

10-riv UST note minus 2-year UST note

% change in leading indicators year-on-year compared to year-on-year % change in real GDP

Univ.  of the Michigan Index of Consumer Sentiment

unemployment since 1948 and recessions

Atlanta Federal Reserve Bank GDPNow 1Q 2023 Estimate

Data from YCharts

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