'Flashing red': Jobs report sparks expert warnings of recession — or even stagflation

Economic experts are stunned by the latest jobs report that found the Trump economy lost 92,000 jobs in February despite expectations of an increase of 50,000. Unemployment rose to 4.4 percent. Some are sounding the alarm that a recession — or even stagflation — could be on the way.

The Washington Post called the results “a striking loss signaling a warning flag for the economy.”

Describing the report as “grim,” NBC News called the loss of 92,000 jobs “a number that will raise alarms about the state of the economy.”

Gregory Daco, chief economist at EY News called the report “simply ugly.”

“The labor market is flashing red,” warned Professor of Economics Arin Dube.

“The economic story just changed dramatically,” declared Professor of Economics and frequent cable news guest Justin Wolfers. “Recession questions are back on the menu.”

Pointing to a chart that reads, “Job growth has stalled and may even be going backwards,” Wolfers responded, “This is not good.”

Navy Federal Credit Union chief economist Heather Long called the results “dismal.”

“Let me put this another way,” she continued. “The US economy has LOST jobs since April 2025. Total job gains since from May 2025 to February 2026 are now -19,000. Companies are not hiring in the face of all of these headwinds and uncertainty. And even healthcare is starting to slow down.”

Veteran finance reporter Ron Insana concluded, “Mini-stagflation remains the operating description of the current economic environment.”

“This is the ‘Welcome Back, Kotter’ economy!” Insana quipped. “It’s 1975 and the ‘sweathogs’ are in vogue … weak jobs and rising inflation bringing back stagflation like its 1975!”