The transcript states that in the lead-up to the 2008 and 2001 recessions, payroll data usually hovered below 100,000 jobs per month. At the start of those recessions, the numbers dipped into negative territory.
This video from Bravos Research discusses a specific signal detected that closely resembles five previous instances, all preceding periods of severe stock market decline and economic recession. The speaker analyzes this signal's implications for the current economic climate and the potential for an upcoming recession, considering factors like consumer confidence, political context, and job market data.