‘Much Worse Than Expected’: Even CNBC Anchor Forced to Admit Possible Recession

CNBC anchor Kelly Evans reacted to a jobs report released Friday by saying the unexpectedly high unemployment rate increase may suggest the potential for an upcoming recession.
The country added 339,000 jobs compared to the 190,000 economists had anticipated, but the unemployment rate rose 0.3% to 3.7%, according to Bureau of Labor Statistics data published Friday.
Evans remarked that such a large increase in the unemployment rate month-to-month often suggests an economic downturn.

“The increase in the unemployment rate is MUCH worse than expected … usually when we rise by a half a point from the lowest unemployment rate, it means the economy is going into recession,” …

Leave a Reply

Your email address will not be published. Required fields are marked *

U.S. National Debt

The current U.S. national debt:
Send this to a friend