Economist Justin Wolfers stated that rising unemployment, not stock market volatility, is signaling a potential recession in the U.S. economy. Since the introduction of tariffs by the Trump administration, the economy has stalled, creating close to zero jobs. Wolfers highlighted the impact of tariffs on the labor market and warned that the economy may have shrunk, with a significant rise in unemployment possibly leading to a recession. He emphasized the importance of focusing on domestic consequences of tariffs rather than trade balances. Wolfers suggested that official reports may not accurately reflect the deteriorating economic situation. The full story can be found on Benzinga.com.