HEADLINE: The McKelvey (Sahm) Unemployment Rate Recession Rule Just Triggered by Mish Shedlock
- Weak Data says a recession has already started and it started in June.
- Small business employment growth is now negative and have been negative.
- ADP data shows year-over-year payroll growth is negative 88,000 for small corporations sized 20-49.
- Commercial construction spending is down 9 consecutive months.
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