labor market, jobs market, recession,

Logan Cyrus | Bloomberg | Getty Images

Workers assembling parts of a Volvo AB S60 sedan at the Volvo Cars USA plant in Ridgeville, South Carolina, U.S., on Wednesday, June 20, 2018.

HONG KONG — Investors trying to sniff out signs of the next recession should pay attention to any increase in unemployment rather than movements in bond yield curves and manufacturing, says Credit Suisse Chief Economist James Sweeney.

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