Labor Market
The Great Freeze: U.S. Labor Market Enters 'No Hiring, No Firing' Stasis as 2026 Begins
The United States labor market has transitioned into a state of "strategic hibernation," marked by a "no hiring, no firing" equilibrium that has left economists and investors recalibrating their expectations for the year ahead. Following the release of the December 2025 jobs report, it is clear