Federal Reserve San Francisco warns of recession in the US

The unemployment rate in the United States has been rising steadily in recent years. This rising unemployment rate is a sign of a recession, although it is not widely noticed. This information was revealed in a study by the Federal Reserve Bank of San Francisco.

This secret issue of the US labor market is emerging amid Trump’s tariff war. According to the research report, two risks are associated with this event; one is the fear of rising inflation, the other is the fear of rising unemployment. Reuters reports.

In many past recessions, it has been observed that it has taken longer for people who were out of work to return to the labor market, meaning their unemployment period has increased.