U.S. ECONOMY SEEN AS RESILIENT, NO RECESSION IN SIGHT 🔸

While the August jobs report was below expectations, Torsten Slok from Apollo believes the U.S. economy is far from recession. Here’s why:

📉 Unemployment is falling, and wage growth is accelerating, both positive signs of economic strength.

💳 Consumer spending remains robust: Debit card transactions and retail sales show people are still spending steadily.

📊 Low default rates and stable jobless claims indicate financial stability across households and businesses.

🛬 Soft Landing: Slok suggests the economy is managing a controlled slowdown, avoiding a recession despite earlier fears.

👉 Do you agree with this outlook? Share your thoughts below!