Moody's Analytics chief economist Mark Zandi warns of a potential US recession, citing concerning job market trends. While official recession criteria haven't been met, employment growth has stalled, with significant downward revisions to recent payroll data. Over half of surveyed industries are cutting jobs, a strong recession indicator. Zandi notes that the unemployment rate may not accurately reflect the situation due to decreased foreign-born worker numbers. Although GDP growth remains positive, experts express differing views on whether weak demand or supply is causing the slowdown, raising concerns about a possible economic downturn.

Prepared by Christopher Adams and reviewed by editorial team.