""There's not a lot of dynamism in the labor market," Andrew Flowers, chief economist at the recruiting-technology firm Appcast, told Business Insider. He said that low levels of hiring and firing are two indicators that the job market appears stuck in neutral. Flowers said employers have concerns about the impact of tariffs, the potential fragility of all-important consumer spending in the face of higher prices, and immigration restrictions cutting into the labor pool."
"Add it all up, he said, and it's likely there will be a lower peak of hiring than in the last couple of falls. A white-collar 'recession' Flowers also said that a "recession" for white-collar workers, which he said has been going on for about two and a half years, will likely continue. Without strength in the healthcare industry, the overall job market picture would look worse, he said."
Fall hiring often increases after summer as companies use remaining budgets and replace staff, but 2025 looks weaker. Hiring is slowing across many areas and job seekers are taking longer to land roles as employers worry about the economy. Employers cite tariffs, fragile consumer spending amid higher prices, and immigration restrictions reducing labor supply. Low levels of hiring and firing suggest the market is stuck in neutral. A white-collar recession has persisted about two-and-a-half years and may continue; healthcare strength has been propping up overall jobs. Job seekers should keep searching and proactively follow up with employers.
Read at Business Insider
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