Timothy Sumer

Join this channel to get access to perks: ✦Discover over 100 stimulus checks available now around the nation (More updates arriving) Inflation test a Global Economy 98% Chance of a global recession researchers warn VIDEOS TO WATCH NEXT: BANK ACCOUNTS IMPACTED!! Biden Prepares to Sign… PANDEMIC END THIS IS BAD: 2023 Recession Checks??… Biden Economy FALLING ON IT’S FACE NEW $391 P-EBT (FULL LIST 2023) Check Your Mailbox!! BEWARE of people pretending to be me in the comment section and people trying to TRICK YOU in the comment section! I won't ask for you to call or text me in the comments if you see anything like that its fake, and its not me! Thanks for watching my youtube channel #recession As updates come out, I will be sure to share. Please Like! And Subscribe!... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing Economists

From red-hot inflation to a strong jobs market, and all the negative gross domestic product in between, economists are divided on the health of the U.S. economy. A top concern for Americans: Are there layoffs on the horizon? Economists break down the data and economic indicator complexities brought upon by the Covid pandemic and the war in Europe. More corporate leaders are anticipating a recession, according to a survey from Stifel. Big companies are already announcing layoffs, including Best Buy, Ford Motor, HBO Max, Peloton, Shopify, Walmart and Wayfair. Meanwhile, a survey from PwC shows 50% of firms expect to reduce their labor forces in the next six to 12 months. This comes at a time when the labor market could hardly appear stronger. In July 2022, there were 11.2 million job openings, revealing a shortage of workers for available positions. "I think it's very important to look at the number of job openings," Julia Pollak, chief economist at ZipRecru

Moody's Analytics' chief economist Mark Zandi cautions that a recession may be on the horizon. In an interview with CNBC's Andrea Miller, Zandi said a recession did not occur in the first half of this year. Zandi called employment levels the "most important indicator[s]" of a recession. With unemployment at the low rate of 3.5%, he doesn't buy the view that two back-to-back quarters of negative growth alone are sufficient to make for a recession. But Zandi did warn that he expects layoffs to increase in the days ahead. "With this kind of low unemployment, inflation’s going to remain a problem," he said, and to address that the Federal Reserve has signaled it will continue to raise interest rates in an attempt to slow down the job market. Zandi attributed the confusion about whether the U.S. experienced a recession in the first half of this year to the coronavirus pandemic and the Russian invasion of Ukraine. "These two massive supp