At least 19% of the increase in the unemployment rate from 2023 to 2024 can be explained by the increase in labor supply. Since 2021, the return of workers to the labor force, in addition to new additions from immigration and population growth, has been a key driver of overall unemployment in the U.S. … READ MORE >
Sahm Rule Recession Indicator
Jump in initial jobless claims signals an impending recession
The data is likely the first sign of the catastrophic disruption to normal life and an impending economic recession caused by the spread of the coronavirus. … READ MORE >