Is the US economy headed for recession..!?

Voting for the presidential election is going to be held in the united states today (November 04). It has been reported that the American economy is likely to go into recession after the election results. A report on employment growth in the united states has been released. According to this, shocking information has come out that no new job opportunities have been created in October. A negative report on US employment growth has been released in the context of fierce competition between donald trump and Kamala harris in the presidential election. Production at companies that manufacture and supply aircraft and aircraft parts has come to a standstill due to a series of layoffs. Production has been severely affected due to the impact of the storm in various places. Due to this, there are reports that the employment market is in a negative state.
A survey of jobs other than agriculture, domestic work, and nonprofit work found just 12,000 job openings last month. This information is published by the US Department of Labor Statistics. Only 1,12,000 jobs were created in august and September. So some analysts say that all this indicates that the US economy is heading towards recession. Similarly, it also mentioned that 2 lakh people lost their jobs in the month of October. Tech companies in particular saw an increase in layoffs. The employment-to-population ratio measures how much employment a country's economy has created for its population. This ratio has decreased to 60 percent from 60.2 percent in October.
A few days ago a research report titled Pulse survey was published. Among them, 61 major company executives from the united states have said that the American economy will go into recession within the next six months. When the same survey was conducted in June, only 41 percent said the U.S. economy would reach that level, now that number has risen to 61 percent. Therefore, regardless of the outcome of the election, the country's economy is starting to suffer, they warn.
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Sowmiya Sriram

05/11/2024 10:42 AM