JPMorgan CEO Jamie Dimon says the economy ‘is weakening’
Jamie Dimon cites a 911,000-job downward revision and tariff uncertainties as factors slowing U.S. economic growth, with consumer confidence weakening amid strong corporate profits.
- JPMorgan CEO Jamie Dimon said on Tuesday that the U.S. economy is weakening amid revised labor data and weak August job growth.
- The Labor Department revised nonfarm payrolls down by 911,000 jobs through March 2025, the largest adjustment in over 20 years, aligning with market expectations.
- August payrolls increased by only 22,000 jobs, and economists noted a slowing labor market and weaker consumer activity despite still-strong corporate profits.
- Dimon expressed uncertainty about whether the economy is heading toward a recession or simply slowing down, while economists generally view the chances of a recession as low and see the labor market softening occurring at a gradual pace.
- Recent developments indicate that the Federal Reserve may reduce interest rates soon in response to increasing risks associated with the slowing economy and downward revisions in labor market data.
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20 Articles
JPMorgan’s CEO Says US Economy Is Weakening After Big Jobs Revision
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: Economy is 'weakening'
JPMorgan Chase CEO Jamie Dimon shared apprehensions about the economy after the Bureau of Labor Statistics said the country added 911,000 fewer jobs over the 12 months ending in March than previously reported. “I think the economy is weakening,” Dimon told CNBC’s Leslie Picker in an interview. “Whether it’s on the way to recession or just weakening, I don’t know.” The CEO said a lot of factors are at play and contributing to an environment of u…
Jamie Dimon Warns Of 'Weakening' US Economy, But Doesn't 'Know' Whether Its Nearing Recession: 'Have To Wait And See' - Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), SPDR S&P 500 (ARCA:SPY)
JPMorgan Chase CEO Jamie Dimon has expressed concerns about the U.S. economy, following a significant revision in the Labor Department’s job data. Slowing Economy, Low Consumer Confidence, Says Dimon Dimon, in a statement on Tuesday, pointed out that the U.S. economy is showing signs of “slowing down,” reported CNBC. This insight followed the Labor Department's revision of nonfarm payrolls data through March 2025, which reduced the job count by …
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