Rosenberg Research reports that rising unemployment in 44 US states signals broadening recession pressures, largely fueled by Trump’s tariffs and government job cuts. The analysis indicates that the unemployment rate has increased by at least 0.5 percentage points in most states, except for six. David Rosenberg explains that this trend highlights a significant shift from prior fiscal stimulus, with rising costs and reduced consumer spending threatening economic growth. The overall labor market is showing signs of strain, with broad implications for real estate and stock markets.
Rising unemployment signals "recession pressures are broadening out," founder David Rosenberg said.
The breadth of the increase we have seen in the unemployment rate means recession pressures are broadening out regionally.
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