the staff of the Ridgewood blog
Ridgewood NJ, “When America Sneezes, the World Catches Cold” , Global stock markets experienced a significant downturn yesterday, driven by fears of a slowing US economy following a weaker-than-expected US jobs report. The report revealed a slowdown in hiring and a rise in unemployment to its highest rate in nearly three years. This data triggered the “Sahm Rule,” a historically accurate recession indicator that activates when the three-month average unemployment rate rises 0.5 points above its 12-month low.
Continue reading Global Stock Markets Plunge Amid US Economic Concerns
