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Tariffs on Mexico and Canada would suddenly create barriers in what’s been a decades-long free trade region.
Unemployment was at 4.0% in January 2025. Since WWII, it’s never gone lower than 2.5% — which it reached for two months, in 1953.
New research finds that larger fires can depress local hiring for up to three years.
Early retirements during the pandemic limited the number of available workers. And the high cost of living is making it hard to attract new ones.
But it might not be as good news as one might think for the labor market.
ADP estimates that the services sector gained 190,000 jobs in January and the production sector lost 6,000.
The low hiring rate reveals weakness despite low unemployment, says Kathryn Anne Edwards. Per the JOLTS report, openings declined in December.
Measures of worker compensation and satisfaction were positive, and fewer workers say they are planning to jump ship this year.
Both benefits and wages outpaced inflation in 2024, according to data from the Bureau of Labor Statistics.
But two of them have started nonprofits to help others navigate the process.