Andrei Jikh, relaying another source: Unemployment will rise to 4.5%

The window it was checked over

Unemployment rate: U.S. Bureau of Labor Statistics via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

What was said around it

will fall between 5 and 5.25 percent but Vanguard says the increase won't matter as much as the peak and how long it's going to stay there now according to Vanguard they predict that the FED will Target this specific range for the rest of the year which is hopefully good news for the stock market because we don't want the FED to raise their rates even more Vanguard also believes inflation is going to fall below three percent at the end of 2023 which is good news but it's still a little bit higher than what the FED wants to see they also think unemployment is going to go up to between 4.5 and 5 right now it's at 3.5 percent which means more layoffs are probably coming and the estimate the odds of a recession this year at 90 percent and remember a recession is anytime you get two negative quarter gdps back to back doesn't matter how Negative they are just negative overall please remember that this is vanguard's prediction based on pretty complex models but that does not mean they're going to be right 10 years from now we could find out they are extremely accurate or extremely wrong either either way the very least you saw a bad card trick and you learned about the birthday Paradox as always

What a person said is shown in their own words and is never translated. The link goes to the exact second in the video.