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Despite low unemployment, hiring is sluggish due to economic uncertainty, leaving job seekers stranded.
Despite a low unemployment rate of 4.3%, the U.S. job market is unusually tough for seekers, with hiring at its weakest pace since 2013.
Workers face prolonged unemployment as companies delay or cancel hires due to uncertainty over interest rates, tariffs, immigration, and AI.
A "low hire, low fire" economy leaves current workers secure but jobless individuals stranded.
Major firms have cut tens of thousands of jobs, but the overall trend is unclear due to the government shutdown, which delayed the October jobs report.
Private data shows conflicting signals, with some indicators pointing to job losses and others to modest gains.
Reduced immigration and increased deportations are helping keep unemployment low by shrinking the labor supply.
Many workers remain skeptical of official economic claims, feeling the job market’s benefits are out of reach.
A pesar del bajo desempleo, la contratación es lenta debido a la incertidumbre económica, lo que deja a los solicitantes de trabajo varados.