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Jobs Up, Hiring Down | US News
The U.S. job market surprised with strong August gains—162,000 new jobs and steady 4.1% unemployment—but beneath the surface lies a puzzling paradox: hiring is down 5% even as companies battle worker shortages. With immigration policies tightening and baby boomers retiring, businesses are clinging to existing staff rather than expanding, creating a “no-hire, no-fire” stalemate. Meanwhile, tech and AI are stepping in to fill the gap, turning productivity up while recruitment slows. Headline numbers look rosy, but the real story? A tight, tense labor market where security wins over growth…
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