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The U.S. Could Tumble Into Recession

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Washington Post: “The United States began the year having grown at an annual rate of 2.4 percent in the final three months of 2024. Hiring was robust: employers added 323,000 jobs in December.”

“Fast forward to today and the news is less cheery. On Friday, the Bureau of Labor Statistics said the economy added only 22,000 jobs in August, meaning the labor market has basically stalled since the president kicked off his historic ‘Liberation Day’ tariff offensive in April. Some on Wall Street are mulling the likelihood of a recession…”

“Administration officials dismiss that possibility out of hand. But, outside of recessionary periods, the U.S. has not seen hiring this weak relative to the size of the economy in more than 60 years.”

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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