JPMorgan CEO warns US financial system is ‘weakening’ and may very well be getting into right into a recession

The American jobs market has been operating in a a lot decrease gear than beforehand thought, in accordance with a preliminary report launched Tuesday. The tempo of US job progress has slowed to only 29,000 over the previous three months, down sharply from 105,000 throughout the prior three-month interval, in accordance with JPMorgan analysis. The unemployment charge stays low, but it surely has edged up from 4.1% in June to 4.3% in August – the very best since late 2021. #cnn #News