Leading economist issues stark recession warning for struggling US economy

1. Economist warns U.S. economy is near recession due to soft labor market. 2. Job growth significantly underperformed estimates, signaling economic weaknesses. 3. Inflation rises above Fed's target, complicating monetary policy. 4. Tariffs and immigration policies are adversely impacting corporate profits and consumer budgets. 5. Labor market indicators show hiring freezes and declining employment hours.