MSNBC: Job Openings Are Down, Unemployment Claims Are Up, and CEO’s Are Predicting a Recession

TAUSCHE: “Well, it could mean a lot less security. I mean, a lot of Americans have been looking at the stock market and seeing it slowly move downward throughout the course of this year. They’re feeling uncertain about their 401(k)s, their retirement, the interest rate they see on their houses. But there’s one piece of the puzzle that if we go into a recession would change, and that’s the job security that many Americans feel has been a hallmark of this economic recovery and that the administration has pointed to time and time again as the singular statistic that means that the U.S. is not in a recession.But just this week, we saw that there are 1 million fewer job openings than there were the last time that the Labor Department reported that so-called jolt data. Just today, we learned there are 29,000 more people applying for unemployment insurance, and tomorrow we’ll get another read on how many jobs were created in the month of September. That data will be critical about where exactly the economy stands, Chris. So many Americans have felt empowered to leave their jobs in search of new and better jobs, higher pay. That security might go away if we go into recession.”