How likely it is that the unemployment rate will just move sideways from here?

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Do yourself a favor and spend 30 seconds looking at this chart and then ask yourself how likely it is that the unemployment rate will just move sideways from here. pic.twitter.com/LCcFt38T9d

— Peter Berezin (@PeterBerezinBCA) August 9, 2024

Unemployment Rate ticking up pic.twitter.com/EN6JIzCNNd

— ChartingCycles (@ChartingCycles) August 2, 2024

U.S. Credit Card Debt Hits All-Time High of $1.14 Trillion 🚨 Congrats everyone, we did it! pic.twitter.com/Z5ZNRgHdyr

— Barchart (@Barchart) August 8, 2024

See also Fed injects $100 million into banking system as liquidity crisis worsens. If unemployment rises in Q1, we face dotcom-style valuations and real estate risks.

See also California unemployment is pulling a 2008 trajectory. Another half-million jobs reported under Biden turn out to be phantom!