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U.S. Job Market in 'Great Freeze': Hiring Plummets 6%

11/17/2025

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Summary

Story summary

The U.S. job market is in a "Great Freeze" with minimal hiring and unemployment at 4.3%.
Economic analyst Sarah Foster says the situation resembles the sluggish recovery after the Great Recession.
Despite growth and rising profits, companies are not expanding payrolls.
Entry-level hiring fell 6% in October from last year.
Job seekers should be patient and consider alternative roles as ageism affects graduates and older workers.

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Story summary

The U.S. job market is in a "Great Freeze" with minimal hiring and unemployment at 4.3%.
Economic analyst Sarah Foster says the situation resembles the sluggish recovery after the Great Recession.
Despite growth and rising profits, companies are not expanding payrolls.
Entry-level hiring fell 6% in October from last year.
Job seekers should be patient and consider alternative roles as ageism affects graduates and older workers.