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A K-Shaped Recession?

The Breakdown

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Is There a Recession in the US?

Last friday's job report painted a picture of a labor market that was remaining tight. Jobless claims have risen for the second straiht week and hit an eight month high. Recessions tend not to be just two consecutive quarters of negative growth, but also see a significant labor market cooling. The top is definitely being impacted when it s to tech and risk industries. Even if we do see strength at the bottom inJob openings, wages are still eaten away by inflation.

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