"The jobs report seems to confirm what many workers are likely encountering as they try to navigate the current job market: Employers are simply not hiring at the same rate, due to economic uncertainty and the Trump administration's crackdown on immigration. The current climate has been described by experts as "low hire, low fire," which means the workers who do lose their jobs are struggling to find new employment."
"Today's jobs report shares data from November, which was delayed due to the government shutdown that lifted last month. As jobs growth has slowed in recent months, the unemployment rate has climbed to 4.6%, up from 4.4% in September and the highest it has been in four years. Employers added only 64,000 jobs in November, and the market also shed 105,000 jobs the month prior. Wage growth has stagnated to a degree that hasn't been seen since 2021."
Data from November, delayed by the recent government shutdown, show a marked slowdown in job growth with only 64,000 jobs added and 105,000 lost the prior month. The unemployment rate rose to 4.6%, the highest in four years, while wage growth has stalled to levels not seen since 2021. The labor market is described as "low hire, low fire," leaving laid-off workers with fewer opportunities and long-term unemployment rising to 1.9 million. Some October job losses reflect over 150,000 federal workers exiting the payroll. Reduced immigration has also limited labor force growth and kept the unemployment rate lower than otherwise.
Read at Fast Company
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