The unexpected rise in the unemployment rate in the United States has left economists divided: Is the US on the brink of a recession or not?
The unemployment rate jumped to a nearly three-year high of 4.3 percent in July, as per data released Friday. The increase – up from 4.1 percent in June, and up from a five-decade low of 3.4 percent in April last year – sets the stage, more than ever, for a cut in interest rates in the next Federal Reserve meeting in September.
