Economist Points to Hiring Freeze Across US, Praises Utah's Economic Stability
A leading US economist shared his insights on the economy, noting a hiring freeze across the country due to uncertainty over tariffs, immigration, and technology.
Dr. Mark Zandi, chief economist at Moody Analytics, testified that the nation's economy is facing struggles, but the country has persevered through factors such as tariffs, immigration policy, and the government shutdown.
Behind that is there is a lack of hiring.
Zandi praised Utah's strong social and economic cohesion, suggesting it could help the state weather the slowdown. He shared his insights at the Kem C. Gardner Policy Institute in Salt Lake City.
Key factors contributing to the hiring freeze include:
- Tariffs
- Immigration policy
- Technology
- Government shutdown
Author's summary: Economist notes US hiring freeze amid uncertainty.