Economist Warns of Imminent Recession as 19 States Show Rising Unemployment A recession appears imminent, with 19 states already showing signs of economic distress, warns economist Nancy Lazar. These states, which contribute 40% of the US GDP, have seen a 0.5 percentage point rise in unemployment over three months, historically a precursor to nationwide recessions. Lazar points to the delayed effects of Federal Reserve rate hikes and tightened credit as key factors, noting that such conditions typically lead to a hard economic landing. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts U.S. GDP Surges 2.8% in Q2, Outpacing Expectations as Inflation Eases READ MORE Goldman Sachs Reveals Record Hedge Fund Sell-Off in U.S. Equities READ MORE The Great American Housing Squeeze: Construction Costs Out of Reach for Most READ MORE Survey Shows U.S. Tech Stocks Perceived as New Inflation Hedge READ MORE Gold Nears Record High as Inflation Report Boosts Rate Cut Odds READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment