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
No surprise here…BRING IT ON
https://twitter.com/Tironianae/status/2067357751211163907