US economy, Job and August
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The dismal August jobs report on Friday did nothing to convince Mark Zandi that the US is safe from recession.
6hon MSN
US hiring stalls with employers reluctant to expand in an economy grown increasingly erratic
The American job market, a pillar of U.S. economic strength since the pandemic, is crumbling under the weight of President Donald Trump’s erratic economic policies.
In a research note published Aug. 25, Barclays economists shared their view that the U.S. economy has likely entered a “stall state.” The bank's “tipping points” model now places odds of a recession within the next two years at 50%.
The US economy added just 22,000 jobs in August and the unemployment rate rose to 4.3%, the highest since 2021.
We're about to get the latest US jobs data numbers. The markets will be watching this very closely since it's the first report issued since President Donald Trump fired the previous statistics chief. The last figures showed the US added just 73,000 jobs in July.
If the American economy is a three-legged stool, one of those legs is broken, the other is wobbly and the final one is holding it all up (for now). That’s how Mark Zandi, chief economist at Moody’s Analytics described the results of his analysis of state-level economic data.
The US economy’s rebound in the second quarter was stronger than previously reported, thanks to consumers who stepped up their spending despite jitters over President Donald Trump’s trade war.
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