All articles tagged with #economic uncertainty
Last year, Trump's tariffs led to the slowest job growth in decades and a rise in unemployment, as businesses hesitated to hire or invest due to policy uncertainty, despite only modest increases in consumer prices.
Gen Z is shifting away from quiet quitting towards actively side hustling, with over half engaging in additional work to navigate economic challenges, pursue passions, and redefine success through independence and flexibility, reflecting disillusionment with traditional career paths and leveraging technology to monetize skills.
2025 was a challenging year for job seekers in the US, with the worst hiring environment since the post-Great Recession era, driven by economic uncertainty, low job growth, and sector-specific struggles, making it a tough year especially for recent graduates and certain industries.
US unemployment rose to 4.6% in November, the highest since 2021, amid a cooling labour market with job losses in government and manufacturing sectors, but gains in healthcare and construction, reflecting ongoing economic uncertainty and policy impacts.
Small businesses in the US are pulling back on hiring and spending due to economic uncertainties, inflation, trade tariffs, and consumer confidence issues, highlighting their vulnerability to broader economic shifts despite their crucial role in employment and local economies.
Layoff announcements in the US surged in October, marking the worst October in 22 years, driven by AI disruptions, softening consumer and corporate spending, and rising costs, with over a million layoffs in the first 10 months of the year. The ongoing government shutdown has delayed key economic data, complicating policymaking and economic assessment.
Many large companies in the US are blaming AI for recent layoffs, but experts suggest the real reasons may be financial struggles or economic factors, as evidence of AI's significant cost savings and productivity gains remains mixed and limited.
Mass layoffs at major companies like Amazon and UPS signal a shift away from the 'no hire, no fire' job market of 2025, driven by factors such as AI adoption, economic uncertainty, and tariffs, raising concerns about increased job insecurity despite still-low unemployment rates.
The US job market is in a 'Great Freeze' with low layoffs and minimal hiring, driven by economic uncertainty, companies hoarding talent, and supply chain issues, which may hinder workers' career growth and prolong the slow recovery.
Gold prices hit a record high above $4,300 due to economic uncertainty, trade tensions, and geopolitical issues, making it a popular safe haven investment despite concerns about volatility and environmental impacts from gold mining.
Goldman Sachs confirms the recent surge in gold prices is driven by strong fundamentals amid economic uncertainty, with projections reaching $4,900 by 2026, and draws parallels to the 1970s gold boom driven by policy and fiscal concerns.
JPMorgan CEO Jamie Dimon, traditionally a gold skeptic, now sees some rationality in holding gold as part of an investment portfolio amid rising prices and global tensions, though he personally is not a buyer. Experts and banks like Goldman Sachs, HSBC, and ANZ have increased their gold price forecasts for the coming years, citing geopolitical tensions, financial instability, and safe-haven demand as key factors driving the bullish outlook on gold.
The US government shutdown is causing financial strain on federal workers and delaying economic data, leading to decreased consumer confidence and potential economic slowdown, with risks of prolonged shutdown further damaging growth and employment.
JPMorgan CEO Jamie Dimon warns of a 30% chance of a stock market correction due to high uncertainty from geopolitical issues, fiscal policies, and AI investment risks, expressing greater concern than most about potential downturns within the next two years.
The U.S. economy shows signs of weakening despite recent GDP growth, with indicators like declining employment, cautious consumer spending, rising inflation, and ongoing trade tensions suggesting underlying strain and increased uncertainty, exacerbated by the government shutdown affecting data availability.