The chief executive of financial services giant JPMorgan Chase is warning that the US economy is showing weakness.
In a new interview with CNBC Television, Jamie Dimon says that revised data from the U.S Bureau of Labor Statistics (BLS) – which now shows that job hirings were overstated by 911,000 between March 2024 and 2025 – suggests the US economy is weakening.
However, Dimon notes this doesn’t necessarily mean the US is heading toward a recession.
“I think the economy is weakening. Whether it’s on its way to a recession or just weakening, I don’t know, and [the numbers’] just confirm what we’ve already thought.”
Dimon goes on to note that JPMorgan uses multiple streams of data to keep tabs on the economy. However, despite this, Dimon says it’s still difficult to gauge the financial health of the US, a problem that perhaps artificial intelligence (AI) could one day solve.
“We get data like you wouldn’t believe. The government data is important, our own data is important. We get data from non-government sources – you can look at delinquency data, worldwide data, trade data. We get all of that. But trying to figure out what the economy is going to do, it’s still hard to do with all that data. And maybe one day AI will fix that problem.”
According to the revised data from the BLS, the biggest changes took place in leisure and hospitality, professional and business services, and retail trade, which each saw dips of 176,000, 158,000, and 126,200, respectively.
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