Every Time This Happens, It Leads to High Unemployment

Last week, the markets and the media melted down over well-founded recession fear. This week, in the aftermath, everyone will say it was all overblown. That's just normal. Meanwhile, the actual recession continues to progress and the data keeps showing momentum is all on that side. This includes yet another signal strongly correlated with unemployment. If that wasn't enough, yet more warnings from leisure and travel companies. 

Eurodollar University's Money & Macro Analysis

CNBC Everyone is talking about the Sahm recession indicator.
https://www.cnbc.com/2024/08/05/recession-what-is-the-sahm-rule-and-why-is-everyone-talking-about-it.html

CNBC Airbnb shares drop 14% on earnings miss as company warns of slowing U.S. demand
https://www.cnbc.com/2024/08/06/airbnb-shares-drop-14percent-on-earnings-miss-as-company-warns-of-slowing-us-demand.html

CNBC Southwest profit falls 46% as airline takes ‘urgent’ steps to increase revenue
https://www.cnbc.com/2024/07/25/southwest-airlines-luv-earnings-q2-2024.html

Bloomberg Delta’s Disappointing Outlook Sends Warning on Summer Travel
https://www.bloomberg.com/news/articles/2024-07-11/delta-s-outlook-misses-estimates-as-carriers-slash-summer-fares

https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU