U.S. Labor Market Shows Signs of Cooling, Not Collapse

TL;DR Summary
A leading investment bank warns that the U.S. labor market is weakening significantly, with rising layoffs, declining hiring, and falling consumer confidence, indicating potential recession risks and challenging the notion of a resilient job market. The situation is compounded by reduced holiday hiring and mixed signals from the Federal Reserve about interest rate policies.
- 'Yikes': Top investment bank looks under the hood of the economy and finds 'the labor market doesn't look that good' Fortune
- 14 charts from unofficial data show a cooling labor market Yahoo Finance
- The U.S. job market is slowing, not collapsing Axios
- The Institute Employment Report: October 2025 Bank of America Institute
- Monthly Market Playbook - Should investors be worried about the U.S. labor market? T. Rowe Price
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