Your Money Minute The Job Market Is Cooling 7/22/25
Jul 22, 2025
Explore the challenges facing job seekers as the labor market cools down. A staffing company CEO shares insights on how economic uncertainties are shaping employment trends. Discover the decline in private sector jobs and the cautious strategies employers are adopting. It's a crucial time for both job hunters and companies navigating this shifting landscape.
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Labor Market Cooling Trend
- The labor market has been cooling for many months according to Manpower CEO Jonas Prizing.
- Private sector employment is at its lowest in a long time, indicating a clear downward trend.
Employers Cautious Amid Uncertainty
- The job market cooling does not mean widespread firings but cautious employer behavior.
- Employers hold on to current workers due to tariff threats but limit new private sector jobs.