From the Economist:
Job Market Issue - Fear of losing your job.
A more plausible explanation for the present weak patch in the job market, and for companies’ reluctance to hire, is based on the significant changes that the Trump Administration has enacted. That is now beginning to ease. The chaos of Mr Trump’s tariff roll-out seems to be receding. Deportations and changes to visa rules will remain disruptive, but businesses are starting to adapt. Although 2026 is unlikely to be a year of calm and clarity for America, it may well be a bit less frenzied - good news for the labor market.
Even as investors and central bankers fret from the sidelines, American workers’ decade-long hot streak seems to have longer to run.
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