Recession Fears Stoked as Higher U.S. Labor Costs Crimp Profits

  • Rise in unit labor costs last year was biggest since 2007
  • JPMorgan Chase's Kasman sees 30-35 percent chance of recession

Is the U.S. Slipping Into Recession?

The biggest rise in U.S. labor costs in eight years is squeezing company profits and heightening fears of a recession.

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