Overview: Slowing Labor Market Signals Recession Fears Last week, U.S. economic data revealed a cooling labor market, heightening recession concerns. The ADP report and non-farm payrolls for August both came in below expectations, with private employment rising by only 9.9k (vs. 14.5k expected) and non-farm payrolls increasing by 14.2k (vs. 16.5k expected). Additionally, the U.S. employment rate climbed to 4.2% in August 2024, up from 3.7% a year earlier. These indicators have alarmed investors, triggering declines in the three major U.S. stock indices, reflecting heightened uncertainty over the economic outlook. U.S. Stock Market: A Sharp Pullback The disappointing labor data led to a broad sell-off across U.S. equity markets last Friday. Investors, fearing a potential recession, be
Recession Fears Rattle Global Markets
Fears of a looming U.S. recession spurred global markets selloff.