- Top economist Mark Zandi warned the U.S. may already be in a “jobs recession,” after new data showed just 22,000 jobs were added in August, unemployment rising to a four-year high, and June revised to the first job loss since 2020. The new data fueled bets on Fed rate cuts as political pressure mounts on the central bank.
The U.S. economy added just 22,000 jobs in August, and prior months were revised lower again, signaling a recession may have already started.
