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Labor Market Could Change Fast, JPMorgan CFO Warns -- WSJ

Dow Jones
Oct 14

By Nicholas G. Miller

The economy is on solid footing, with strong consumer spending and a credit environment, including delinquencies, holding up better than expected, but those trends could change fast, according to Jeremy Barnum, JPMorgan Chase's chief financial officer,

Growth is slowing down and the labor market may be softening, he told investors Tuesday. Many firms are now stuck in a low hiring, low firing moment as a result of high uncertainty.

"It's pretty easy to imagine a world where the labor market deteriorates from here," Barnum said. "The fact that things are fine now doesn't mean they're guaranteed to be great forever."

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

October 14, 2025 11:11 ET (15:11 GMT)

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