US JOBS SHOCKER: RECESSION IMMINENT?
Unemployment spikes to 4.564%, highest since 09/2021. Sahm Rule nears critical 0.5 level. Powell warned of recession risk with just 0.2% jobless rise.
Native employment +114K, immigrant jobs -58K. Labor force participation up to 62.5%. The structure is deteriorating fast.
Record 9.301 million Americans now hold multiple jobs. Long-term unemployment surges to 24.3%. The private sector must absorb this shock, or the Fed faces a brutal decision on rates.
This is NOT financial advice.