Difficulties in Securing Employment: Opinions from Industry Experts
The U.S. job market continues to struggle, with a lackluster run of labor data that started in the summer persisting, according to a recent jobs report released by the U.S. Bureau of Labor Statistics.
The report shows that employers across various industries have cut back on hiring, with the manufacturing sector suffering a net loss of 78,000 jobs this year in the midst of a tariff policy. Construction, another key sector, has incurred a net loss of 10,000 jobs over the past three months.
The unemployment rate remains at a historically low level, but millions of out-of-work Americans face stiff conditions. Nearly two million job seekers have been out of the workforce for more than 27 weeks, and worker confidence in finding a new job has hit a record low, according to a survey by the New York Federal Reserve.
Analysts attribute the tepid job market partly to economic uncertainty due to President Donald Trump's tariff and immigration policies. The Trump administration has pursued an immigration policy that includes the detention of undocumented immigrants at work sites and the revocation of Temporary Protected Status for hundreds of thousands of immigrants.
However, the Fed's incremental approach is unlikely to yield major improvement for job seekers, according to Hamrick. The Fed is expected to cut interest rates when policymakers meet later this month, with investors predicting a quarter-point rate cut this month with nearly 12% odds of a half-point cut, according to the CME FedWatch Tool.
A reduction of interest rates could boost hiring as borrowing expenses fall and businesses encounter more favorable conditions for new investment. The tax-cut measure enacted by President Trump earlier this year is expected to boost business investment and drive up hiring, according to Kevin Hassett, director of the National Economic Council.
The recent adoption of artificial intelligence tools has diminished prospects for jobs in some entry-level roles, according to some analysts. Joseph Brusuelas, global economist at RSM, described the U.S. as a "slow hire, slow fire economy."
Despite the challenges, there is no current information about the Commissioner of the U.S. Federal Labor Agency (U.S. Department of Labor) as of the beginning of summer 2025. The hiring cooldown has hit nearly every industry, including leisure and hospitality and the federal government, according to BLS data.
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