According to @KobeissiLetter, unemployment expectations in the US have surpassed 2020 levels, reaching their highest since 2008. A 2024 poll revealed that 56% of Americans believe the US is in a recession, sparking debates on whether the US is heading towards a recession.

According to @KobeissiLetter, unemployment expectations in the US have surpassed 2020 levels, reaching their highest since 2008. A 2024 poll revealed that 56% of Americans believe the US is in a recession, sparking debates on whether the US is heading towards an economic downturn.

According to The Kobeissi Letter, the index of US consumers’ unemployment expectations for the next 12 months has plummeted to approximately 50 points, marking the lowest level since 2008. This metric has experienced a sharp decline of about 45% over the past three months, indicating growing pessimism about the job market among Americans.