Recession 2024 Usa Latest News 2024. For much of 2024, it appeared the federal reserve had successfully navigated a tricky line, tempering the hottest inflation in four decades while keeping the. Economy creates 254,000 jobs as unemployment rate dips to 4.1% in blowout report.

Labor department reported that the unemployment rate inched to 4.3% in july to its highest since october 2021, and a gauge for u.s. Economy was headed for a recession, but that didn’t happen.