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JPMorgan Chase CEO Jamie Dimon speaking with CNBC’s Leslie Picker in Charlotte, N.C. on July 31st, 2025.
David A. Grogan | CNBC
JPMorgan Chase CEO Jamie Dimon said that a Labor Department report released Tuesday confirmed that the U.S. economy is slowing down.
The department revised lower its nonfarm payrolls data for the year through March 2025 by 911,000 jobs from initial estimates. That was on the high side of Wall Street’s expectations for a downward shift and the biggest revision in more than two decades.
“I think the economy is weakening,” Dimon said. “Whether it’s on the way to recession or just weakening, I don’t know.”
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