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US Jobs Defy Recession Predictions
- US jobs numbers remain surprisingly strong despite repeated recession predictions.
- Wall Street consistently underestimates payroll growth, complicating recession forecasts.
Manufacturing Signals Economic Weakness
- Manufacturing shows clear signs of contraction and sectoral recession.
- Inventory buildup and flat demand force supply-side shrinkage, signaling economic weakness.
Credit Markets Show Divergent Health
- Credit conditions are mixed: healthy for safe companies but closed for risky borrowers.
- Reduced lending risks triggering cost cuts and layoffs, with wider economic ripple effects.