With the US adding 339,000 payroll jobs in May, some argue the case for a recession this year is getting weaker, CNN reported. “For this year, given these jobs numbers, it’s hard to see a recession. Increasingly, the odds of a recession this year are fading,” Mark Zandi, chief economist at Moody’s Analytics, told CNN. Still, there is a significant risk of recession in the medium term and growing evidence that consumers are feeling the pain of high inflation. While some recession concerns may be fading for this year are fading, there remains concerns about following years.