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U.S. Economy Faces Recession Risks Amid Job Stagnation

10/28/2025

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Summary

Story summary

The U.S. economy shows strain, with California and New York accounting for over 22% of national GDP.
Moody's chief economist Mark Zandi warns nearly one-third of the economy is at high risk of recession.
Job growth has stalled as manufacturing and finance shed jobs, signaling broader weakness.
Auto-sector bankruptcies reveal credit-market vulnerabilities.

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Story summary

The U.S. economy shows strain, with California and New York accounting for over 22% of national GDP.
Moody's chief economist Mark Zandi warns nearly one-third of the economy is at high risk of recession.
Job growth has stalled as manufacturing and finance shed jobs, signaling broader weakness.
Auto-sector bankruptcies reveal credit-market vulnerabilities.