Economist Points to Hiring Freeze Across US, Praises Utah's Economic Stability
A leading US economist shared his economic insights in Utah, discussing the current state of the job market.
Dr. Mark Zandi, chief economist at Moody Analytics, spoke at the Kem C. Gardner Policy Institute in Salt Lake City, stating that the US job market has frozen due to uncertainty over tariffs, immigration, and technology.
Behind that is there is a lack of hiring.
Zandi noted that factors such as tariffs, immigration policy, and the government shutdown have created uncertainty, resulting in little to no job creation. However, he praised Utah's strong social and economic cohesion, suggesting it could help the state weather the slowdown.
Author's summary: Economist warns of US job market freeze.
- Tariffs, immigration, and technology are causing uncertainty in the US job market.
- Utah's economic stability is due to its strong social and economic cohesion.
- The government shutdown is contributing to the uncertainty in the job market.
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