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A looming jobs recession looms as hiring stalls, layoffs rise, and economic strain grows despite low unemployment.
Economist Mark Zandi warns that many Americans are financially vulnerable, with signs of a weakening labor market despite low unemployment.
Hiring has stalled, layoffs are rising—especially among small businesses and young and Black workers—and job openings have dropped sharply.
Data show a surge in layoff announcements, near-record levels, though unemployment claims remain low, possibly due to higher-income workers delaying benefit filings.
Rising costs, tariffs, and early AI impacts on entry-level hiring are contributing to strain, particularly in sectors reliant on foreign-born workers.
Zandi describes a "low hire, low fire" environment where employers aren’t expanding or cutting much, but underlying weaknesses are spreading, raising concerns of a potential jobs recession.
Se avecina una inminente recesión laboral a medida que aumentan las contrataciones, los despidos y las tensiones económicas a pesar del bajo desempleo.