The U.S. Could Tumble Into Recession

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.”