Jobs Slow, Mismatch Looms | San Jose News

Job growth in the U.S. stalled last month, with only 57,000 new positions added — a sharp slowdown that signals lingering economic uncertainty. While the unemployment rate dipped to 4.2%, it’s largely due to fewer people actively seeking work. Businesses remain cautious amid high inflation and weak consumer confidence, leading to a paradox: employed workers are staying put, but job seekers are struggling to land roles. The hospitality sector, surprisingly, shed 61,000 jobs despite the World Cup, while retail also cooled. Meanwhile, professional services and healthcare surged, hinting at resilience in certain sectors. But a deeper divide emerges: employers crave experienced talent — possibly due to AI — while entry-level seekers face stiff competition. With fewer people quitting jobs, companies can’t easily poach workers, and newcomers are getting left behind. The economy’s still growing — just not as fast as hoped. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b149a8b9461cd934