The US jobless rate has hovered at decade-lows for more than a year, with the current 3.4% rate matching a 53-year low hit in January. Private sector employment increased by 278,000 jobs in May.

Germany has entered a technical recession with data showing that the economy contracted in the first quarter of 2023. What constitutes a downturn and what does that entail? You need to enable.

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Published Dec 17, 2022 + Follow A number of trustworthy sources of economic information are revising their forecasts and predicting a worldwide recession as businesses face increasing.