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FILE - A worker organizes bicycles at a Walmart Superstore in Secaucus, New Jersey, July 11, 2024. Last month's rise in the unemployment rate has set off new worries about the threat of a recession, but it could also be a false alarm. The distorted post-pandemic economy has already confounded a host of traditional recession signals, at least so far. (AP Photo/Eduardo Munoz Alvarez, File)

FILE - A worker organizes bicycles at a Walmart Superstore in Secaucus, New Jersey, July 11, 2024. Last month's rise in the unemployment rate has set off new worries about the threat of a recession, but it could also be a false alarm. The distorted post-pandemic economy has already confounded a host of traditional recession signals, at least so far. (AP Photo/Eduardo Munoz Alvarez, File)

FILE - Specialist Michael Pistillo works on the floor of the New York Stock Exchange, July 31, 2024. Last month's rise in the unemployment rate has set off new worries about the threat of a recession, but it could also be a false alarm. The distorted post-pandemic economy has already confounded a host of traditional recession signals, at least so far. (AP Photo/Richard Drew, File)

FILE - Specialist Michael Pistillo works on the floor of the New York Stock Exchange, July 31, 2024. Last month's rise in the unemployment rate has set off new worries about the threat of a recession, but it could also be a false alarm. The distorted post-pandemic economy has already confounded a host of traditional recession signals, at least so far. (AP Photo/Richard Drew, File)