Us Recession 2024 News 2024. That’s why some economists are pleading with the fed to ease up its inflation fight—before high interest rates, which it’s used to tame surging prices, grind the us economy. 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.
Us officials worry the next recession could be intensified by a cascading series of failures in the mortgage industry caused by crashing home prices, frozen financial markets. 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.