• Latest
  • Trending
  • All
  • News
  • Business
  • Lifestyle

‘Much Worse Than Expected’: CNBC Anchor Points Out Key Jobs Data Hinting At Possible Recession

June 2, 2023
CEO Of Financial Titan Urges Rapid Passage Of Trump’s ‘Big, Beautiful Bill’

CEO Of Financial Titan Urges Rapid Passage Of Trump’s ‘Big, Beautiful Bill’

June 2, 2025
Dead On Arrival?: ‘No Chance’ Trump’s ‘Beautiful’ Bill Can Pass Senate Without Steep Cuts, Lawmakers Say

Dead On Arrival?: ‘No Chance’ Trump’s ‘Beautiful’ Bill Can Pass Senate Without Steep Cuts, Lawmakers Say

June 2, 2025
Supreme Court To Consider Challenge From GOP Illinois Rep Questioning Mail-In Ballot Counting Law

Supreme Court To Consider Challenge From GOP Illinois Rep Questioning Mail-In Ballot Counting Law

June 2, 2025
Jasmine Crockett Vows To Launch Impeachment Inquiry Into Trump If She Becomes Chair Of Influential Committee

Jasmine Crockett Vows To Launch Impeachment Inquiry Into Trump If She Becomes Chair Of Influential Committee

June 2, 2025
Poland Elects Trump-Friendly Conservative In Blow To EU Bureaucrats

Poland Elects Trump-Friendly Conservative In Blow To EU Bureaucrats

June 2, 2025
Turns Out Folks Aren’t All That Excited About Kamala Returning To Cali Politics

Turns Out Folks Aren’t All That Excited About Kamala Returning To Cali Politics

June 2, 2025
Colorado Terrorist Suspect An Illegal Migrant Who Scored Visa Under Biden Admin, Feds Say

Colorado Terrorist Suspect An Illegal Migrant Who Scored Visa Under Biden Admin, Feds Say

June 2, 2025
STEVE CORTES: Who Are Trump Voters And What Do They Want?

STEVE CORTES: Who Are Trump Voters And What Do They Want?

June 2, 2025
Suspect In ‘Targeted Terror Attack’ Yelled ‘End Zionists’

Suspect In ‘Targeted Terror Attack’ Yelled ‘End Zionists’

June 1, 2025
VANESSA BATTAGLIA: Hegseth Is Right To Demand Afghanistan Withdrawal Accountability

VANESSA BATTAGLIA: Hegseth Is Right To Demand Afghanistan Withdrawal Accountability

June 1, 2025
LEIF LARSON: We Can’t Let Microsoft Unfairly Dominate The Tech Marketplace

LEIF LARSON: We Can’t Let Microsoft Unfairly Dominate The Tech Marketplace

June 1, 2025
STEVE MILLOY: Trump To Revive The Nuclear Power Industry

STEVE MILLOY: Trump To Revive The Nuclear Power Industry

June 1, 2025
  • Donald Trump
  • State of the Union
  • Elon Musk
  • Tariffs
  • Congress
  • Faith
  • Immigration
Monday, June 2, 2025
  • Login
IJR
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls
No Result
View All Result
IJR
No Result
View All Result
Home News

‘Much Worse Than Expected’: CNBC Anchor Points Out Key Jobs Data Hinting At Possible Recession

by The Daily Caller
June 2, 2023 at 10:20 am
in News, Wire
235 17
0

(Photo by Alex Wong/Getty Images)

491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Daily Caller News Foundation

CNBC anchor Kelly Evans reacted to a jobs report released Friday by saying the unexpectedly high unemployment rate increase may suggest the potential for an upcoming recession.

The country added 339,000 jobs compared to the 190,000 economists had anticipated, but the unemployment rate rose 0.3% to 3.7%, according to Bureau of Labor Statistics (BLS) data published on Friday. Evans remarked that such a large increase in the unemployment rate month-to-month often suggests an economic downturn.

“The increase in the unemployment rate is MUCH worse than expected…usually when we rise by a half a point from the lowest unemployment rate, it means the economy is going into recession,” Evans said on Friday, adding, “We just rose three-tenths in a month.”

Over 90% of CEOs said they are getting ready for a recession in the U.S. during the next 12–18 months, according to a survey by The Conference Board released in May.

“Remember all the celebration about the record-low Black unemployment rate?” New York Times economics reporter Ben Casselman tweeted on Friday. “Well, Black unemployment jumped by 0.9 points in May. These figures are very noisy, but again worth watching, because historically Black Americans have been the first to lose jobs in a recession.”

Moreover, the American economy slowed to a 1.3% annual growth rate in the first quarter of 2023, according to revised GDP statistics released by the Bureau of Economic Analysis (BEA) in May.

“I think, you know, the, the case of, of avoiding a recession is, in my view, more likely than that of having, having a recession,” Federal Reserve Chairman Jerome Powell stated at a press conference in May.

The Fed has attempted to cool the labor market in an attempt to decrease continuing inflation. The unemployment rate has remained in the range of 3.4-3.7% since March 2022, according to the BLS.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

Tags: DCNF
Share196Tweet123
The Daily Caller

The Daily Caller

Advertisements

Top Stories June 10th
Top Stories June 7th
Top Stories June 6th
Top Stories June 3rd
Top Stories May 30th
Top Stories May 29th
Top Stories May 24th
Top Stories May 23rd
Top Stories May 21st
Top Stories May 17th

Join Over 6M Subscribers

We’re organizing an online community to elevate trusted voices on all sides so that you can be fully informed.





IJR

    Copyright © 2024 IJR

Trusted Voices On All Sides

  • About Us
  • GDPR Privacy Policy
  • Terms of Service
  • Editorial Standards & Corrections Policy
  • Subscribe to IJR

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls

    Copyright © 2024 IJR

Top Stories June 10th Top Stories June 7th Top Stories June 6th Top Stories June 3rd Top Stories May 30th Top Stories May 29th Top Stories May 24th Top Stories May 23rd Top Stories May 21st Top Stories May 17th