RECESSION – One America News Network

NEW YORK, NEW YORK - JUNE 07: A "Now Hiring" sign is seen at a FedEx location on Broadway on June 07, 2024 in New York City. A jobs report for the month of May released by Labor Department showed that the U.S. added employers added 272,000 nonagricultural jobs and also reported that the unemployment rate rose to 4 percent for the first time in more than two years. (Photo by Michael M. Santiago/Getty Images)

Unemployment Claims Increase To Highest Level Since September 2023

A new report has revealed that the number of jobless claims has reached the highest in 10 months.

A man arranges produce at Best World Supermarket in the Mount Pleasant neighborhood of Washington, D.C., U.S., August 19, 2022. REUTERS/Sarah Silbiger/File Photo

US inflation ebbs in May as goods prices fall

U.S. monthly inflation was unchanged in May as a modest increase in the cost of services was offset by the largest drop in goods prices in six months.

LONDON - OCTOBER 07: In this photo illustration, a man looks at a graph representing the 12 month decline of the FTSE 100 share index on October 7, 2008 in London. Financial markets are still suffering large losses as the global banking crisis continued. (Photo by Peter Macdiarmid/Getty Images)

Consumer Confidence Slips in June, Signals Economic Concerns

Consumer confidence dropped in June. The Conference Board’s report released today showed a decline to 100.4, down from 101.3 in May. Meanwhile, the Expectations Index also decreased to 73, compared to 79.4 last month. An index lower than 80 historically signals an impending recession. Mindy McIntosh, Founder & CEO of McIntosh & Associates, joins Alicia Summers to discuss these latest numbers.

A woman shops in a supermarket in Los Angeles, California, U.S., June 13, 2022. REUTERS/Lucy Nicholson/File Photo

US consumer confidence retreats slightly; house prices remain elevated

The mixed survey also showed consumers’ perceived likelihood of a recession over the next 12 months retreated this month.

NEW YORK, NEW YORK - JUNE 14: Traders work on the floor of the New York Stock Exchange (NYSE) on June 14, 2022 in New York City. The Dow was up in morning trading following a drop on Monday of over 800 points, which sent the market into bear territory as fears of a possible recession loom. (Photo by Spencer Platt/Getty Images)

Economist Predicts ‘Crash Of A Lifetime’ Will Be Worse Than 2008 Recession

Harry Dent, the outspoken financial author and economist, is not reversing course from his bold “crash of a lifetime” declaration from this past December.

NEW YORK, NEW YORK - JULY 28: A "help wanted" sign is displayed in a window in Manhattan on July 28, 2022 in New York City. The Commerce Department said on Thursday that the nation's Gross Domestic Product (GDP) fell 0.2 percent in the second quarter. With two GDP declines in a row, many economists fear that the United States could be entering a recession. (Photo by Spencer Platt/Getty Images

Report: U.S. Jobless Claims Increase To Highest Level Since August

Unemployment benefit claims have climbed to its highest level since August 2023, initial filings show.