Q3 – 2025

In accordance with Jamie Dimon’s remarks in the JP Morgan Chase third quarter earnings press release, economists see decent economic growth but weaker employment prospects. The Wall Street Journal recently completed their quarterly survey of economists with 64 total responses. The survey results show that participants expect the third-quarter inflation-adjusted GDP to increase 2.5% on an annualized basis. However, they expect just over a 49,000 average monthly payrolls increase for the next 12 months. That is the lowest forecast in over two years (Source: Wall Street Journal
10/15/25).