Archive · 26 Oct 2025
US Job Market Enters a 'Great Freeze' Amidst Uncertainty
The US job market is in a bit of a holding pattern.
Companies aren't firing many people, which is good, but they also aren't hiring many new people either.
This makes it harder for people to find new jobs or get promoted.
Economists say companies are being careful because things like tariffs make the future uncertain.
Many workers are sticking with their current jobs, which is called 'job hugging'.
While companies aren't hiring a lot, some plan to hire more entry-level workers soon.
Experts don't see this changing soon, as companies are still making money, but not enough to change strategies.
Overall, it's a slow time for job changes in the US.
The US job market is currently experiencing a period of low layoffs and low hiring.
Companies are hesitant to hire due to economic uncertainties, leading to a ‘Great Freeze’.
Employee turnover has significantly decreased, indicating a preference for job stability.
Many employers are focused on retaining existing staff.
A majority of companies plan to increase hiring, particularly for entry-level positions.
- Who
- US companies and job seekers
- What
- The US job market is experiencing a ‘Great Freeze’ with low hiring and low layoffs.
- When
- Ongoing, with no immediate expected shift.
- Where
- United States
- Why
- Due to economic uncertainties, companies are cautious about hiring and workers are staying put.
- Term
- 'Great Freeze'
- Layoffs
- Low
- Hiring
- Slow
- Turnover drop (2023-2025)
- From 177% to 50%
- Unemployed in August
- 7.4 million
- Job Openings in August
- 7.2 million
- Employers planning to increase hiring
- 63%
- Employers prioritizing staff retention
- 76%