JPMorgan Chase Warns US Economy Flashing Recession Signal After 258,000 Jobs Growth Revision: Report
Description
Financial services titan JPMorgan Chase is reportedly warning that the US economy is flashing signs of an upcoming recession after a less-than-stellar July jobs report. According to a new report from Fortune, the most recent jobs report sent a recession warning to traders and analysts on Wall Street. Jobs grew by 73,000 last month, but fell short of the expected 100,000, while July and May job numbers had to be drastically revised downward, well below forecasted numbers. In a note seen by Fortun...
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