JPMorgan Chase CEO Jamie Dimon said this week that the U.S. economy is showing signs of strain after a major downward adjustment to government jobs data.
Employment growth was far weaker than initially reported, raising fresh questions about the outlook for growth, inflation, and interest rates.
“I think the economy is weakening,” Dimon told CNBC in an interview on Sept. 9. “Whether it’s on the way to recession or just weakening, I don’t know.”
Dimon’s comments followed the Labor Department’s disclosure that nonfarm payrolls were revised down by 911,000 from April 2024 through March 2025—a 37 percent cut from earlier estimates and the largest yearly adjustment on record….