Aug 01 2024 22 mins 5
The stock market flashing red today as warning signs flash in other areas of the economy too. Weekly jobless claims now at an 11-month high. Today's labor market report also showing also the total number of people on jobless rolls is at the highest since 2021.
Manufacturing data suggesting a slow down in the broader US economy. ISM data showing the manufacturing sector contracted in July for the fourth consecutive month. It's now at its lowest level in eight months.
