Concerns over a looming U.S. recession are mounting after an unsatisfactory jobs report and a huge hit to the stock market.
In 2022, a recession wasn’t declared because of strong jobs data—despite consecutive quarters of GDP contraction. Now, however, poor unemployment data is marking a “psychological shift” from that paradigm, according to Jeffrey Tucker, a senior economics columnist for The Epoch Times and the founder and president of the Brownstone Institute.