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U.S. GDP at 0.7 percent and job losses noted, Robert Wolf points out
Robert Wolf commented on recent statements about the state of the U.S. economy prior to the Iran war. He highlighted that fourth quarter GDP growth was just 0.7 percent, with 92,000 jobs lost in February, no net job gains since May 2025, and declines in manufacturing employment.
Wolf's remarks challenge claims that the U.S. economy was performing well before the conflict, pointing to several concerning economic indicators.
Wolf previously noted that U.S. job losses have continued since May 2025 and that GDP was revised down to 0.7 percent in recent quarters, raising concerns over economic momentum (article). Earlier this year, he commented on the drop in Dow futures as U.S. oil prices surged past $100 per barrel (article). Both developments contributed to rising market volatility during the period.
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