A US recession is becoming more likely with each passing month

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A number of economic indicators associated with forecasting recessions are currently reporting warning signals.

The Game of Trades investment research platform, pointed out the presence of serious difficulties in the labor market, where the pace of job cuts is accelerating aggressively.

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Historically, since 1995, such trends have preceded recessions. Recent indications show that annual permanent job losses have risen to levels seen during the dot-com bubble, the 2008 financial crisis and the COVID-19 pandemic, raising fears of a potential recession in the second half of 2024

Additionally, data from AlphaSense indicates that many US corporations are likely to undertake mass layoffs as references to “operational efficiency“, especially since 2020.

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