America's once-robust job market has hit a sobering milestone: for the first time since April 2021, the number of unemployed workers overtook job openings, signalling economic trouble ahead. In July 2025, 7.2 million jobseekers vied for 7.18 million vacancies, a stark shift for a labour market that once brimmed with opportunity. This turning point, driven by policy uncertainty and cooling demand, raises fears of a looming recession.
