Getty Images
- The US economy may already be mired in recession, Danielle DiMartino Booth told Bloomberg TV.
- Downside labor revisions and rising job losses indicate a downturn has hit, the QI Research CEO said.
- She argues that by one unemployment indicator, a recession was triggered in October 2023.
The US is already mired in recessionary downturn, and rising job losses prove it, veteran forecaster Danielle DiMartino Booth told Bloomberg TV.
"Oh, my goodness, there's already been 22,000 job loss announcements in the month of May and it's still a fairly young month. So on a seasonal level, we're seeing a major pickup," the QI Research CEO said on Monday.