The US jobs market was struggling before the government shutdown. Now, it’s even more uncertain if hiring will pick up.
Before the October shutdown, the job market started to slow down. Many businesses aren’t looking to hire many more workers. The Federal Reserve is worried about the labor market, as inflation remains a concern.
Hiring slowed down in the summer and finding new jobs took longer for those who lost their current ones. To help, the central bank cut interest rates in September to stimulate job growth.
Source: https://www.marketwatch.com/story/the-u-s-jobs-market-was-wobbling-before-the-shutdown-now-what-948e2b81