
Yikes. The U.S. hiring rate fell to 3.1% in February, the lowest since April 2020. This is a hiring recession. And Americans are feeling it. There were notable hiring pullbacks in February in hospitality and construction. Bottom line: The job market was already frozen before the war in Iran began. It's worrying that a "no hire, no fire" situation could turn into a "no hire, start to fire" job market quickly if there isn't a resolution soon.


















