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Recent layoffs are changing the landscape of the US labor market

A W. P. Carey economist outlines emerging signs of strain in hiring and highlights what slowing employment growth could mean for the months ahead.

Isys Morrow

In this story aired Nov. 6, 2025, on Arizona Horizon:

The labor market is still relatively strong, but there are signs of underlying weakness. We've seen massive employment slow down this year. From May to August, we saw that about 27,000 jobs created per month on that. That same number during the previous twelve months was about 150,000. So that's a big drop. Unemployment has increased marginally to 4.3% now. That's still really low by historical standards.

Sean Ewen, L. William Seidman Research Institute research economist

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