The head of the nation’s largest bank told CNBC that the “big revision” by the Bureau of Labor Statistics to lower its non-farm payrolls data by 911,000 pointed to stuttering US growth. “I think the economy is weakening,” Dimon said at an event to mark the opening of the banking giant’s new $3 billion Manhattan HQ. Nevertheless, official US government figures released at the end of last month by the Bureau of Economic Analysis estimate that the economy grew by 3.3% in the second quarter of 2025, marking a strong rebound from the 0.5% decrease in the first three months of this year.
Author: James Franey
Published at: 2025-09-09 21:14:16
Still want to read the full version? Full article
