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U.S. Job Market: 'Great Freeze' Sparks Job Hugging Trend

10/26/2025

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Summary

Story summary

The U.S. job market is in a "Great Freeze," with low layoffs and weak hiring.
Unemployment has risen slightly but remains low due to labor hoarding.
About 75% plan to stay in their jobs through 2027, a trend labeled "job hugging" that favors security.
Experts say the shift signals risk aversion and a push to upskill and diversify income streams.

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Story summary

The U.S. job market is in a "Great Freeze," with low layoffs and weak hiring.
Unemployment has risen slightly but remains low due to labor hoarding.
About 75% plan to stay in their jobs through 2027, a trend labeled "job hugging" that favors security.
Experts say the shift signals risk aversion and a push to upskill and diversify income streams.