We have some breaking news! The economy teeters on the brink of collapse as the recent jobs report reveals surging unemployment rates, particularly impacting Black Americans. This combined with the meager 1.3% GDP growth rate and increasing uncertainty, signifies an impending recession. In response, major companies like McDonald’s begin layoffs in anticipation of economic hardships. Federal Reserve Chairman Jerome Powell’s statements reflect a grim outlook, suggesting that averting a recession is becoming increasingly unlikely.
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