This trend is concerning:
— The Kobeissi Letter (@KobeissiLetter) June 23, 2024
For the first time in 4 years, the US unemployment rate has crossed above its 36-month moving average.
In previous economic cycles, every time this has happened a rapid spike in jobless rate followed.
This has also coincided with the economy falling… pic.twitter.com/uDBctOGilr
Makes “cents”
https://www.dailymail.co.uk/yourmoney/article-14739561/US-Treasury-gives-final-decisions-pennies-creates-new-problem.htm...