Signs of Recession in the American Economy

The US economy is going through a hiring recession:

The number of hires as a % of total employment fell -0.3 percentage points in February, to 3.1%, in-line with the 2020 pandemic low.

This is also the lowest level since January 2011, and just 0.3 percentage points above the… pic.twitter.com/0JN9y9gJjP

— The Kobeissi Letter (@KobeissiLetter) April 5, 2026