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The Independent UK
The Independent UK
Business
Paul Wiseman

America’s job market has a surprising problem: Nobody’s hiring, nobody’s firing

The American job market is showing unexpected resilience this year, rebounding from a challenging 2025 despite persistent economic uncertainty and elevated energy prices exacerbated by the war in Iran.

While unemployment is projected to hold steady at a low 4.3% in May, according to FactSet, the pace of job creation remains significantly slower than the boom experienced in the wake of pandemic lockdowns.

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