Economist Torsten Slok of Apollo Global Management said in a report that the US has not entered a recession and there are currently no signs of a recession. The August employment report released last Friday raised concerns about an economic downturn, with the report falling below expectations and significantly lowering data from previous months. However, Slok is focused on the decline in unemployment, accelerating wage growth, and other data such as debit card transactions, retail sales, default rates, and applications for unemployment benefits, all of which point to the resilience of the economy. 'This is a soft landing,' said Slok.