Contentious July jobs report confirms the U.S. economy is slowing sharply. Here's why
1. U.S. job growth slowed with only 73,000 payrolls added in July. 2. Economic indicators suggest a high risk of recession despite GDP growth. 3. Weak job market may lead to reduced consumer spending and investment. 4. Goldman Sachs projects only 1% growth in the final two quarters. 5. Markets remain volatile amid heightened economic uncertainty.