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More than half of industries are already shedding workers, a 'telling' sign that's accompanied past recessions, top economist says

More than half of industries are already shedding workers, a 'telling' sign that's accompanied past recessions, top economist says
business8/10/2025

"Things could still turn around if the economic policies weighing on the economy soon lift. But that looks increasingly unlikely."

The U.S. economy isn’t in a recession yet, but the number of industries cutting back on headcount is concerning, and future revisions to jobs data could show employment is already falling, according to Moody’s Analytics chief economist Mark Zandi. In... [3972 chars]