Jobs Cooling, Not Crashing: America's Labor Market Reality Check

# U.S. Labor Market: Cooling Without Crashing In this episode, Morgan Riley delivers a nuanced analysis of the U.S. employment landscape, revealing a labor market that's cooling but not collapsing. The September jobs report showed 119,000 nonfarm jobs added while unemployment edged up to 4.4%, with health care and food services growing while transportation and federal positions declined. The third quarter saw hiring slow dramatically to 62,000 jobs monthly—less than half the rate from a year prior. November's ADP report indicates further weakening with private employers cutting 32,000 jobs across manufacturing, professional services, and construction sectors. However, layoffs remain below typical recession levels, and job openings stay relatively high at 7.2 million. What emerges is a "low-hiring, low-firing" environment where health care continues driving growth while office and tech positions cool. For workers This content was created in partnership and with the help of Artificial Intelligence AI.