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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."

The revision, showing the world's largest economy produced far fewer jobs than thought, follows a report indicating employment growth had slowed to a near halt in July, adding just 73,000 jobs. President

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