"Chicago PMI fell 1.1 points to 49.3 in May, MNI Indicators reported. That’s the lowest level since February and the sixth time in 12 months it’s been below the 50 level marking contraction." Source.
Emphasis mine. The U.S. has been in contraction half of the past year, and no layoffs. No stock market crash. No problems I guess. I've started to believe they will be able to hold this market up until the end of this administration. I hope I'm wrong, but the billionaires are really linking hands right now. It's pretty unbelievable honestly.