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Fortune

Eleanor Pringle

Welcome to the era of 'low-hire, more-fire,' warns top economist—the days of talent hoarding are over

United States Joe Brusuelas David Mericle Unemployment US Federal Reserve

A sign at a NYS Department Of Labor job fair at the Downtown Central Library in Buffalo, New York, US, on Wednesday, Aug. 27, 2025. (Credit: Lauren Petracca/Bloomberg - Getty Images)

Without official Bureau of Labor Statistics data to calm their nerves, analysts are wondering just how fast the U.S. employment market may have deteriorated.

While available data from private and alternative sources suggest that the jobs market hasn’t significantly weakened, economists are concerned that unemployment remains a key risk to the economy in 2026.

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