The job market in 2025 has been considered static. That’s both good: Layoffs have been steady, and the unemployment rate remains low by historical standards. And bad: It’s hard to find a job if you’re looking.
But a raft of job cut announcements this fall from big companies like Amazon, Verizon, and Target calls into question the state of what has been deemed a “no-hire, no-fire” labor market.
Economists are certainly watching the trend with a careful eye.
“All the signs point to we’re moving from ‘no-hire, no-fire’ labor market to ‘no-hire, start-to-fire' labor market,” said Heather Long,