Jobs report could ease US recession fears — or not

WASHINGTON (AP) — U.S. manufacturing is shrinking, corporate profits are declining and goods are piling up on warehouse shelves. Those trends have elevated concern that a U.S. recession may loom in the next year or two. Yet in the one area that matters most, the economy has continued to shine: Hiring.

WASHINGTON (AP) — U.S. manufacturing is shrinking, corporate profits are declining and goods are piling up on warehouse shelves. Those trends have elevated concern that a U.S. recession may loom in the next year or two. Yet in the one area that matters most, the economy has continued to shine: Hiring.…