Is America headed towards recession..!?

 Compared to the last 10 years, it has been revealed that the employment growth in the united states is at its worst. A million jobs have been lost this year, experts say. This has led to fears that America is headed for a major recession. According to a survey conducted by Goldman Sachs and Wells Fargo, the number of job openings in the united states is declining significantly. According to the payroll survey, the number of employees has decreased by almost 360,000, and Goldman Sachs said that this number will soon reach 10 lakh. Meanwhile, Donald Trump, who is in the US presidential race, has criticized that job opportunities in America have decreased and the government is hiding the truth and publishing false reports. While the republican party is running for President of the united states, he is giving his election promise to create jobs. Therefore, the Republicans have taken the problem of job opportunities very seriously.
Correspondingly, the US is currently experiencing a recession. Various companies including google and microsoft are laying off employees. Although the united states has not officially reached a recession in the current environment, experts predict that the united states is headed for a recession based on factors including declining employment. Meanwhile, the Bureau of Labor Statistics has released a revised estimate of US employment, which reveals a decline of 818,000 jobs from the previous report. This is seen as the biggest decline since the Great Recession of 2009. That raises concerns about the overall strength of the job market, experts say.The report said job creation in the US in the 12 months ended march was 0.5% lower than previously estimated. This means that real job growth over the period was about 30% lower than previously reported, with the monthly average falling from 242,000 jobs to 174,000. Fears of a recession in the US are growing, which will impact global stock markets.
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Sowmiya Sriram

23/08/2024 06:52 PM