According to the Labor Department’s report, the revised estimates of nonfarm payroll additions between April 2024 and March 2025 reflected a decrease of 911,000 jobs during the period.
JPMorgan Chase & Co. (JPM) CEO Jamie Dimon reportedly said that the U.S. economy was slowing down, as confirmed by the Labor Department’s report released on Tuesday.
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“I think the economy is weakening,” Dimon told CNBC. “Whether it's on the way to recession or just weakening, I don’t know.”
According to the Labor Department’s report, the revised estimates of nonfarm payroll additions between April 2024 and March 2025 reflected a decrease of 911,000 jobs during the period, signaling a weaker labor market than previously noted.
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