The jobs market has been burning white-hot for a couple of years now. Despite efforts to slow down the economy, post-pandemic payroll growth has remained strong and the U.S. has managed to keep unemployment at near historic lows.
But over the last few months, the situation’s changed dramatically. The government’s latest official figures show that job numbers and wage growth have gone stone-cold. Unemployment shot right up in August, and revised numbers revealed that 2025 hasn’t been half as good a year as we thought.
