Economist Paul Krugman has highlighted November's nonfarm payrolls as an early indicator of a potential U.S. economic recession. The unemployment rate has reached 4.6%, approaching the Sahm Rule threshold, which Krugman notes as a critical warning sign. He also pointed out that the three-month average unemployment rate stands at 4.5%, reinforcing concerns about an economic slowdown. This data intensifies the focus on upcoming inflation reports, as interest rate decisions remain pivotal for economic stability.