Last Friday's latest United States labor market data for May was mixed, with more than expected job creation but rising unemployment at the same time. Meanwhile, analysts suggest that we pay attention to a certain specific indicator.
While investors were broadly positive about the report on the state of the US labor market, mainly because forecasts for changes in employment were exceeded, it is also worth considering that the number of full-time workers began to decline.
Historically, this phenomenon has not been a positive predictor of economic prospects. And so is America's unemployment rate, which has already risen 0.6 percentage points since the downturn this economic cycle.
Historically, this is the kind of change that has predicted a recession in the relatively near future. Well, let's see if this time will be different.
