🚨 THE US ECONOMY JUST GOT WORSE.

US unemployment data was released today, and it came out worse than expected.

The unemployment rate spiked to 4.4%, while expectations were of 4.3%, which means the labor market is getting weak.

Along with that, non-farm payrolls came in at -92,000, while the expectations were of 59,000.

This means the US economy lost 92,000 jobs in the private sector, government, and manufacturing industries rather than gaining them.

But that's not all.

Last month, US Q4 GDP data was released, and it came at a 1-year low.

The only thing that was getting better in the US economy was inflation, as CPI dropped towards 2.4%.

But now, this could go higher too.

The reason is rising oil prices, which have now reached a 2-year high.

Whenever oil prices go up, inflation starts getting hot and GDP shrinks as people start spending less money.

This forces businesses to do more layoffs, and eventually the economy enters a period of recession.

But this time, the economy is contracting while inflation is moving up.

That's what "stagflation" is, and I have been warning about this for months.

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