Story perspectives
Moody's Zandi Warns: U.S. Recession Looms Amid Job Losses
8/6/2025
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Story summary
- Moody's Chief Economist Mark Zandi warns of a potential U.S. recession due to stagnant consumer spending and job losses.
- Revisions reveal a loss of 258,000 jobs in May and June, heightening recession concerns.
- President Trump dismissed the BLS commissioner, raising fears of political interference in employment data.
- Economists observe weak job growth, but key indicators do not currently signal a recession.
