Anemic Growth and Rising Unemployment Still Expected

  • Economists lower probability of recession in 2024
  • Anemic growth and rising unemployment still expected
  • U.S. employers to continue adding jobs, but at a slower pace

According to The Wall Street Journal’s latest survey of economists, the probability of a recession in 2024 has been lowered. However, despite this positive news, anemic growth and rising unemployment are still expected. Business and academic economists surveyed by the Journal have reduced the probability of a recession within the next year from 48% to 39%. While U.S. employers are projected to continue adding jobs, it will be at a much slower pace. Although the likelihood of a recession has decreased, the overall economic outlook remains challenging.

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Factuality Level: 8
Justification: The article provides information from a survey of economists regarding the likelihood of a recession in the US. It mentions that economists believe US employers will continue adding jobs, but at a slower pace. The article also states that the probability of a recession has decreased according to the survey. Overall, the information provided is based on the opinions of economists and does not contain any misleading or sensationalized information.

Noise Level: 7
Justification: The article provides some information on economists’ predictions about job growth and the probability of a recession. However, it lacks in-depth analysis, evidence, and actionable insights. It also does not explore the consequences of these predictions on individuals or hold powerful people accountable. The article stays on topic but contains some repetitive information.

Financial Relevance: Yes
Financial Markets Impacted: The article provides information on the probability of a recession, which can impact financial markets and companies.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article discusses the probability of a recession, which is a significant event that can have a major impact on financial markets and companies. However, there is no mention of any extreme event or specific impact rating in the article.

Reported publicly: www.wsj.com