US Job Market Teeters on Recession Edge as August Report Reveals Alarming Weakness
US Job Market Teeters on Recession Edge as August Report Reveals Alarming Weakness The U.S. labor market is flashing critical warning signs, with economists like Mark Zandi of Moody’s Analytics asserting the economy is likely “on the edge of recession and may already be in one.” The August jobs report, released just days ago, painted a grim picture, showing a paltry 22,000 jobs added, coupled with revisions indicating a decline in June. This comes as the unemployment rate ticked up…