Top economist Nancy Lazar of Piper Sandler warns a US recession is likely by year-end due to rising unemployment in 21 states (40% GDP).
Top economist Nancy Lazar of Piper Sandler warns a US recession is likely by year-end, as 21 states (40% GDP) signal recession with rising unemployment. Historically, a spike in joblessness across so many states usually precedes a prolonged downturn. The 21 states, including California and Illinois, have seen a three-month average unemployment increase of at least 0.5% from the past 12 months' lows.
May 25, 2024
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