Unsurprisingly, I’m seeing a ton of stories about how the economy is now on the verge of a recession again. All because there was less job growth in the latest jobs report than was forecast (but there was still growth), and because unemployment crept up slightly for the first time in a loooong time. And it’s still near a historic low. Also, inflation is down. Even though they assured us a year or two ago that we needed higher unemployment to control inflation and avoid a recession, now higher unemployment and lower inflation is somehow a sign that a recession is coming soon. These people are shameless.
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