🚨🇺🇸 The American unemployment rate is anticipated to be 4.4% according to prediction markets, but here is what poses a problem

Job openings in the United States are now at levels observed during recessions. Over the last two months, job openings have decreased by 907,000, marking the largest drop over two months since March 2023. We are now below the levels seen before the pandemic in 2018 and 2019, around 7.0 million. The ratio of job vacancies to unemployed has fallen to 0.87, its lowest level since February 2021, and well below the pre-pandemic peak of 1.24. @PATRICIA B-M