Jobs Recession Looms: Mixed Economic Signs for 2023
Update: 2025-12-10
Description
Economist Mark Zandi warns of a potential jobs recession due to rising unemployment and slow job growth, linked to Trumps tariffs. Unemployment rate reached a four-year high of 4.4% in September, with younger workers hit hardest. Layoffs increased to 1.2% in October, indicating a low hire, low fire job market. However, small business optimism improved, with plans to hire more workers in the new year, offering some hope for the job market.
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