🚨The US job market is deteriorating:
Long-term unemployment hit 1.67 MILLION in April, the highest in 3 YEARS.
The share of individuals unemployed for more than 27 weeks of total unemployment hit 23.5%, the highest in 3 years.
This has never occurred outside of recessions. pic.twitter.com/wLh8mDxEDN
— Global Markets Investor (@GlobalMktObserv) May 5, 2025
🚨 The US Treasury Yield Curve has steepened SHARPLY:
The difference between the 10-year and the 2-year Treasury yields has been positive for over 6 months.
In the past, once the yield curve turned sharply positive, the US economy was in a recession.
Is history repeating? pic.twitter.com/HxP38DbIOz
— Global Markets Investor (@GlobalMktObserv) May 5, 2025