Currently, many economic indicators related to predicting a recession have issued warnings. The trading game investment research platform points out that the labor market is facing serious difficulties, and the pace of layoffs is accelerating rapidly. Historically, this trend has appeared before an economic recession since 1995. Recent signs indicate that the number of permanent unemployed individuals has risen to levels seen during the dot-com bubble, the 2008 financial crisis, and the COVID-19 pandemic, causing concerns about a possible recession in the second half of 2024.
In addition, data from AlphaSense suggests that many American companies may engage in large-scale layoffs due to “operational efficiency,” especially since 2020.
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Based on accurate historical indicators, an economic recession may sweep across the United States in the coming months. Despite the current strong bullish momentum, experts warn that the United States may face one of the most severe recessions in history, possibly comparable to the Great Depression of 1929. Speculation is mainly focused on the timing of the economic recession, with many predicting that it will occur in the second half of 2024, influenced by the interest rate decisions to be made by the Federal Reserve.