WRAPUP 2-US labor market cooling; leading indicator flashes recession
A measure of future economic activity plunged to the lowest level in nearly 2-1/2 years in March, other data showed on Thursday. "After months and months of watching, for the first time we can say we see a recession coming and it will be a miracle if we don't have a downturn in the economy," said Christopher Rupkey, chief economist at FWDBONDS in New York.