Donald J Trump speaks after signing an executive order in the Oval Office at the White House on Thursday, Feb 13, 2025 in Washington, DC.

It “seems almost unavoidable at this point” that the United States is “headed for a deep, deep recession” thanks to the Trump administration’s massive government job cuts and pullback from official contracts, a former Obama-era Department of Labor economist has warned.

Jesse Rothstein, a professor of public policy and economics at the University of California, Berkeley, predicted on BlueSky this week that the employment report for March 2025 will show “bigger job losses than any month ever outside of a few in 2008-9 and 2020.” (I.e. — when America was hit by the 2008 financial crash and then, later, by the coronavirus pandemic).

It seems almost unavoidable at this point that we are headed for a deep, deep recession. Just based on 200K federal firings & pullback of contracts, the March employment report (to be released April 4) seems........

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