Economists Warn: Why Job Hunting This Fall Could Be Risky

Fall often brings a modest uptick in hiring as companies return from summer breaks and spend remaining budgets. This year, however, economists say that boost is unlikely. Andrew Flowers, chief economist at Appcast, notes that both hiring and firing are unusually low, leaving workers frustrated after a slow summer when they had expected new openings.

Employers face multiple headwinds. Elevated prices are squeezing consumer spending, tariffs complicate planning, and tighter immigration rules have reduced available labor. These pressures are making employers more cautious about adding staff. The impact is especially pronounced in white-collar sectors: Flowers likens their situation to a prolonged “recession” lasting more than two years, with only healthcare preventing deeper job losses across the economy.

Job Seekers Are Feeling the Pinch

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The hiring slowdown is affecting many workers, particularly white-collar professionals and recent graduates. Career coach Mandi Woodruff-Santos put it bluntly: “The job market is kind of trash right now.” If seasoned employees are struggling to find roles, she warns, newly minted college graduates can expect an even tougher climb. Surveys reflect that anxiety—more than half of workers report concern about potential layoffs.

Official data and research from hiring labs reinforce the picture. Job growth in the first eight months of 2025 has been the weakest since 2010, excluding the pandemic period, and long-term unemployment has climbed to its highest level since then. That means a growing share of job seekers have been searching for six months or longer without success.

Fall Might Disappoint

Career coach Ruth Sternberg cautions that although fall traditionally brings increased hiring, this year’s slowdown is likely to persist. Heather Long, chief economist at Navy Federal Credit Union, describes the situation as an “abundance of caution economy,” where companies hire only for essential roles. Even when monthly job figures occasionally beat expectations, many economists remain concerned about employers’ reluctance to expand payrolls.

Despite the challenges, there are practical strategies for job seekers. Sternberg emphasizes that hiring continues year-round, even when overall numbers look weak. She advises candidates to clearly define their strengths, polish résumés and LinkedIn profiles, and proactively reach out to hiring managers rather than waiting for callbacks. These targeted steps can help applicants stand out in a market with fewer openings.

Holding On and Moving Forward

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Economists generally say a full recession is unlikely at the moment, but they caution that continued weakening in the labor market could eventually slow the broader economy. For job seekers, the environment is undeniably tough, yet hiring never stops entirely. Even in a sluggish year like 2025, people still secure new positions. While fall may not deliver a surge of opportunities, staying prepared and persistent increases the likelihood of finding the right role when it appears.