"It Will Feel Like A Recession" When Unemployment Hits 4.5% By Year-End
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The US economy appears to be slowing down. Final Q1 GDP growth came in at just 1.4% and, as of this recording, Q2 GDP is currently estimated to be little better, at 1.5%.
Retail sales for May, the most recent data we have, only grew at 0.1%.
And unemployment is starting to tick up, too, rising last week to 4.1%.
Now, none of these stats are particularly worrisome on their own. But together, are they signaling rockier economic times could like ahead?
To find out, we have the good fortune to talk today with Dr Anna Wong, Chief U.S. Economist for Bloomberg Economics. Prior to her current role, Anna also worked at the Federal Reserve Board, the White House Council of Economics Advisers, and the U.S. Treasury.
Video Length: 01:07:41
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