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International Business Times UK
International Business Times UK
Business
Jim Manzon

Job Layoffs Surge but Hiring Rate Hits Record Low — How to Survive It

Workers face an uncertain job market as firms cut costs and focus on AI over hiring. (PHOTO: Vitaly Gariev/Unsplash)

'You cannot have a healthy economy without a healthy job market,' warns Bloomberg Business co-host Stacey Vanek Smith, describing the current US labour landscape as eerily 'still' and stuck with 'a light fever'. Her assessment, shared on Bloomberg's Everybody's Business podcast, comes as new data from the Bureau of Labor Statistics reveals the national hiring rate has fallen to just 3.2%, matching its lowest level in more than a decade, excluding the pandemic-era collapse.

@bloombergbusiness

Economic data has been sending us mixed messages. Companies aren't hiring and job cuts are rising too, though the unemployment rate is still near historic lows. Overall sentiment on the US economy has just not been good. On this episode of the Everybody's Business podcast, Bloomberg Businessweek's Brad Stone joins @Stacey Vanek Smith and @Max Chafkin to unpack why 2025 has been such an odd year for the economy and for the job market and whether the trend will continue in 2026. #US #economy #markets #jobs #employment

♬ original sound - Bloomberg Business
Bloomberg's Stacey Vanek Smith discusses how the 'frozen' US job market fuels worker anxiety. (SOURCE: Bloomberg Business/TikTok)
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