Back to today’s briefing

Story perspectives

Economist Warns: U.S. Recession Looms Amid Job Cuts

8/11/2025

46 4

Summary

Story summary

Mark Zandi, Chief Economist at Moody's, warns of a potential U.S. recession as over 53% of industries reduce jobs.
Employment data appears stable, but revisions reveal weaker job growth since May, suggesting possible future job losses.
A recession is characterized by a prolonged decline in employment, which has not yet been observed.
Zandi urges caution due to the negative effects of current economic policies on growth.

1 of 1

Story summary

Mark Zandi, Chief Economist at Moody's, warns of a potential U.S. recession as over 53% of industries reduce jobs.
Employment data appears stable, but revisions reveal weaker job growth since May, suggesting possible future job losses.
A recession is characterized by a prolonged decline in employment, which has not yet been observed.
Zandi urges caution due to the negative effects of current economic policies on growth.