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One of Jeffrey Gundlach's Favorite Recession Indicators Just Got Triggered

The trend in the unemployment rate has flipped from improving to deteriorating.
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U.S. Adds 156,000 Jobs in Sept., Jobless Rate at 5.0%

September’s jobs report contained a sign that investors should be on alert for a U.S. recession, judging by bond guru Jeffrey Gundlach’s favorite warning signs.

During a panel discussion at the New York Historical Society back in May, the Doubleline Capital LP chief executive officer revealed that one of his top three recession indicators was when the unemployment rate breaches its 12-month moving average.