The Recession Has Hit The Job Market

The U.S. job market is facing serious challenges with unemployment hitting 4.3%. Recent reports revealed a surprising payroll increase of just 114,000 jobs, underscoring the reality of a potential recession. As the Federal Reserve contemplates its next moves, there's concern that rate cuts may not effectively revive the struggling economy. The discussion highlights how rising interest rates are straining household finances and complicating the economic landscape. Such troubling trends suggest that a soft landing is far from achievable.