Recession Fears Are Running Rampant
Meanwhile, 87 percent are concerned over the rising costs of living
Inflation is stressing us out. A whopping 87 percent of Americans reported that the rising costs of living are a major source of stress in their life, according to a new survey. That stress translates to recession fears, too.
Jobless claims rose. Last week’s initial applications for unemployment benefits, a proxy for layoffs, surged the most since January, according to the Labor Department. It could be a sign the job market is slowing.
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