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What we can tell you about jobs in 2026?

I'm David Bruncatchew in Los Angeles. If you have major

financial decisions to make early in the new year, many will depend on our job situations, right?

What do we know from the autumn here about the labor market this impending winter? We know

the post-COVID hiring spree isn't happening at the time of tariffs.

With unemployment rising now, marketplaces Nova Saffo takes a look.

The labor market this year has cooled.

The unemployment rate went from 4% to 4.6%.

Wages, adjusted for inflation, actually stopped increasing in recent months.

Michael Reed at RBC Capital Market says there are multiple factors at play.

The first is immigration policy.

That's really slowing the supply of new workers who are coming into the U.S.

So a company looking to hire might not even be able to.

The second is baby boomers retiring. Younger workers

may be replacing them, but that doesn't count as new jobs created. Meanwhile, the big economic

story of the year, higher tariffs, have left many employers reluctant to expand their

workforces. There's a term that sprung up for this dynamic, low fire, low higher.

We should expect that to be more than norm going forward.

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