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U.S. Businesses Freeze Hiring Amidst Economic Uncertainty

11/28/2025

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Story summary
  • In November 2025, U.S. businesses limit headcount growth without mass layoffs, using hiring freezes and AI replacements.
  • The Federal Reserve's Beige Book describes the economy as 'low-hire, low-fire,' with a slight decline in employment and modest wage gains.
  • Consumer confidence is waning as fewer respondents view jobs as plentiful.
  • For 2026, the outlook remains positive, with a stabilized labor market and unemployment seen near 4.4%.