Name: Recession Possible Given July Jobs Report: Economic Analyst
Uploaded: 2024-08-06T04:59:30.000Z
Description: According to last month’s employment situation summary from the United States Bureau of Labor Statistics, jobs grew to 114,000, missing estimates by tens of thousands, and unemployment rose from 3.5 percent a year ago to 4.3 percent. NTD’s Chris Beers spoke with Vance Gin, former chief economist at the Office of Management and Budget, about why analysts say these numbers signal a recession.

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According to last month’s employment situation summary from the United States Bureau of Labor Statistics, jobs grew to 114,000, missing estimates by tens of thousands, and unemployment rose from 3.5 percent a year ago to 4.3 percent. NTD’s Chris Beers spoke with Vance Gin, former chief economist at the Office of Management and Budget, about why analysts say these numbers signal a recession.

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Chris Beers is an NTD News anchor and political correspondent based at the network's global headquarters in New York City. Chris co-anchors "NTD News Today" weekdays at 10:00 am ET.

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