Rising unemployment poses the biggest threat to a soft landing, Nobel economist Paul Krugman says

• A US soft landing looks likely, but rising unemployment is cause for worry, Paul Krugman wrote in The New York Times.
• As the rate climbs, its pushing a key recession indicator closer to a critical threshold.
• However, inflation data isn't as hot as recent CPI readings show.

The US economy is comfortably in soft landing territory, but Paul Krugman says it isn't altogether clear that it will stay that way. In an op-ed for the New York Times, the famed Nobel laureate highlighted an unexpected uptick in unemployment as reason for concern.