Story perspectives

Stagnant U.S. Job Market: Iran Conflict Fuels Hiring Hesitation

3/25/2026

Summary

Story summary

The U.S. labor market is stagnant, with low hiring and turnover rates.
Nicholas Bloom, an economics professor, says uncertainty from the Iran conflict is causing employers to hesitate in hiring.
This low-hire, low-fire environment leaves job seekers, including recent graduates, feeling trapped.
The war has raised concerns about energy prices.
Experts say previous trade policy changes have added to uncertainty and have made businesses cautious about hiring and investment.

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Story summary

The U.S. labor market is stagnant, with low hiring and turnover rates.
Nicholas Bloom, an economics professor, says uncertainty from the Iran conflict is causing employers to hesitate in hiring.
This low-hire, low-fire environment leaves job seekers, including recent graduates, feeling trapped.
The war has raised concerns about energy prices.
Experts say previous trade policy changes have added to uncertainty and have made businesses cautious about hiring and investment.