Hiring Falls to Lowest Level Since 2009 as Economists Turn to Private Data During Federal Shutdown
As the U.S. government shutdown persists, private sector data reveals a weakening labor market, with hiring and layoffs slowing sharply. Job cuts have surged in 2025, while new hiring intentions plummet to 2009 levels. Economists face uncertainty without official data, raising concerns about consumer confidence and economic resilience going forward.