That’s ominous. That was 2007, shortly before “The Great Recession”. It started in December of that year.
Coming soon to a World near you… “The Raging #Trumpcession”?
Dow falls 400 points after 10-year Treasury yield touches 19-year high
#trumpcession
4 posts · Last used Sep 16
Quoting
@Rastal@mastodon.social
Yes. Unfortunately. True.
I often riff on it as a movie mashup of “The Hunger Games” + “The Jonestown Massacre”, Neofeudalism + Cult Mob Repression.
Open quoted post
#US #economy added just 57,000 #jobs in June — far below expectations — amid elevated #inflation, global turmoil
US employers pulled back on hiring last month & added only 57,000 jobs, less than half the previous month’s total & a sign companies still have a cautious economic outlook.
#labor #CostOfLiving #affordability #trumpcession #recession #trump
Replying to
The #Labor Dept said Thurs that the #unemployment rate declined to 4.2% from 4.3% in May, though the decline mostly occurred because many people out of work gave up looking & were no longer counted as unemployed.
The figures suggest companies remain wary of the #economy’s health, with #inflation at a 3-year high & consumer confidence near post-pandemic lows. The #jobs gains initially reported in April & May were also revised lower.
#CostOfLiving #affordability #trumpcession #recession #trump
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