The post Top economists react to employment data as U.S. enters ‘jobs recession’ appeared on BitcoinEthereumNews.com. The latest U.S. employment report has drawn concerning reactions from leading economists, many of whom warn that the labor market has slipped into a jobs recession. Only 22,000 jobs were added in August, far below expectations of 76,500. June marked the first net decline in nearly four years, with 13,000 jobs lost.  Meanwhile, the unemployment rate rose to 4.3%, its highest level since 2021, indicating mounting economic weakness. Mark Zandi Among the economists, Mark Zandi of Moody’s Analytics stressed that payroll employment is already in recession territory. He noted that July and August posted modest gains, likely to be revised down, with losses concentrated in manufacturing, mining, construction, and the government sector. Only healthcare and hospitality have provided some offset. Zandi, long bearish on the economy, has argued that several sectors and states are already in recession. It’s a jobs recession. Payroll employment declined in June, and while it was up in July and August, the increases were on the margin and seem likely to be revised away. The goods side of the economy, including manufacturing, mining, and construction, is losing a significant… — Mark Zandi (@Markzandi) September 5, 2025 David Rosenberg David Rosenberg of Rosenberg Research highlighted distortions in the headline numbers, pointing out that the Bureau of Labor Statistics’ Birth-Death model added 96,000 jobs.  Without this adjustment, payrolls fell by 74,000 in August. He warned that, by this measure, payrolls have declined for four consecutive months, a pattern last seen during the sluggish recovery from the Great Recession. The BLS did its best to paint lipstick on this pig of a payroll report because the Birth-Death model managed to add 96,000 jobs to the headline. Strip that out, and what the actual survey showed was a 74,000 decline. In fact, payrolls have declined on an ex-BD basis now in each…… The post Top economists react to employment data as U.S. enters ‘jobs recession’ appeared on BitcoinEthereumNews.com. The latest U.S. employment report has drawn concerning reactions from leading economists, many of whom warn that the labor market has slipped into a jobs recession. Only 22,000 jobs were added in August, far below expectations of 76,500. June marked the first net decline in nearly four years, with 13,000 jobs lost.  Meanwhile, the unemployment rate rose to 4.3%, its highest level since 2021, indicating mounting economic weakness. Mark Zandi Among the economists, Mark Zandi of Moody’s Analytics stressed that payroll employment is already in recession territory. He noted that July and August posted modest gains, likely to be revised down, with losses concentrated in manufacturing, mining, construction, and the government sector. Only healthcare and hospitality have provided some offset. Zandi, long bearish on the economy, has argued that several sectors and states are already in recession. It’s a jobs recession. Payroll employment declined in June, and while it was up in July and August, the increases were on the margin and seem likely to be revised away. The goods side of the economy, including manufacturing, mining, and construction, is losing a significant… — Mark Zandi (@Markzandi) September 5, 2025 David Rosenberg David Rosenberg of Rosenberg Research highlighted distortions in the headline numbers, pointing out that the Bureau of Labor Statistics’ Birth-Death model added 96,000 jobs.  Without this adjustment, payrolls fell by 74,000 in August. He warned that, by this measure, payrolls have declined for four consecutive months, a pattern last seen during the sluggish recovery from the Great Recession. The BLS did its best to paint lipstick on this pig of a payroll report because the Birth-Death model managed to add 96,000 jobs to the headline. Strip that out, and what the actual survey showed was a 74,000 decline. In fact, payrolls have declined on an ex-BD basis now in each……