#USJobsSlump A The U.S. Economy Approaches Recession as Job Growth Plummets
The U.S. economy is on the brink of recession after private sector job growth fell to just 77,000 in February—45% below expectations and the weakest since the Great Recession. Key sectors such as manufacturing and retail are collapsing, with consumer confidence at its lowest level since 2009.
Treasury Secretary Scott Bessent warns of a "perfect storm" of challenges, hinting at emergency interventions. Meanwhile, global markets are in turmoil, with Wall Street facing significant losses. Experts remain divided on whether aggressive policies can prevent an "Economic Ice Age." The coming months will be critical.