Us Economy Recession 2024 Recession. Employers have slowed hiring, adding an average of about 170,000 jobs each month for the last three months, and just 114,000 in july, versus 267,000 a month in the first. The economist and market strategist david rosenberg took a lot of heat for predicting that the federal reserve’s big increase in interest rates would tip the u.s.

Recession fears may be overstated, but not unfounded. When that happens, it historically has meant a recession is looming.