More than half of industries are already shedding workers, a 'telling' sign that's accompanied past recessions, top economist says

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• Moody’s Analytics chief economist Mark Zandi followed up his earlier warning that the economy is on the brink of a recession. On Sunday, he pointed out that the start of a recession is often not clear until after the fact. For now, the jobs data don’t signal a recession yet, but more than half of U.S. industries are already shedding workers.

The U.S. economy isn’t in a recession yet, but the number of industries cutting back on headcount is concerning, and future revisions to jobs data could show employment is already falling, according to Moody’s Analytics chief economist Mark Zandi.