emergencyBreaking NewsKim Tucker Tremblay’s Boston Marathon Run Targets $9,000 for Hopkinton Emergency FundMortgage Rates Dip as Global Tensions Ease, but 'Lock-In' Effect Inhibits RefinancingA three-month extension on margin rule compliance could prevent forced sell-offs in Bangladesh’s distressed marketFundstrat Predicts S&P 500 Target of 7,300 as Sector Repricing Limits Pullback DepthStrong corporate earnings and investor skepticism keep markets from collapsing during Middle East crisisKim Tucker Tremblay’s Boston Marathon Run Targets $9,000 for Hopkinton Emergency FundMortgage Rates Dip as Global Tensions Ease, but 'Lock-In' Effect Inhibits RefinancingA three-month extension on margin rule compliance could prevent forced sell-offs in Bangladesh’s distressed marketFundstrat Predicts S&P 500 Target of 7,300 as Sector Repricing Limits Pullback DepthStrong corporate earnings and investor skepticism keep markets from collapsing during Middle East crisis
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Home/Markets & Investing/FED INTEREST RATE DECISION

Unemployed workers face longer job searches as hiring slows to 13% of 2024 levels

LS

Lyra Stafford

Fed interest rate decision · Apr 9, 2026

Unemployed workers face longer job searches as hiring slows to 13% of 2024 levels

Source: DojiDoji Data Terminal

Workers who lose their jobs now face longer periods of unemployment. This is the result of a labor market that has entered a 'low-hire, low-fire' state.

Related Brief6h ago
labor market

U.S. Workers Face Lower Odds of Finding Work Than During the Pandemic Peak

The average American worker believes they have a 45% chance of securing a new role within three months if they quit today. This outlook is lower than the 46.2% chance reported in December 2020, during the peak of the pandemic. The Federal Reserve Bank of New York's Consumer Expectations Survey reveals this shift in sentiment. The Bureau of Labor Statistics reported that hiring in February dipped to its lowest level since April 2020. Goldman Sachs research indicates that AI substitution for human labor reduces monthly payroll growth by 25,000, while AI augmentation adds 9,000. This creates a net monthly payroll decline of 16,000 positions, primarily affecting less experienced workers. Fear of unemployment leads workers to "job-hugging," where they cling to their current roles. Some workers are paying reverse recruiters $1,500 per month to apply for roles on their behalf.

U.S. weekly jobless claims rose by 16,000 to 219,000 for the week ending April 4, exceeding the 210,000 expected by analysts. The four-week moving average, which smooths out volatility, rose by 1,500 to 209,500.

Related Brief1d ago
us economy

US Economy Resilient Despite Federal Reserve Rate Hikes

Domestic consumption remains robust despite price pressures. Restaurant bookings are maintained at positive levels. This resilience is a result of financial conditions remaining lax, a result of stock market rallies and credit spreads offsetting the Federal Reserve's cycle of interest rate hikes. Workforce stability is the main pillar supporting consumer confidence. Hazard levels in the workforce are kept at historic lows, ensuring family income flows remain constant.

This trend follows a year of severe hiring contraction. Fewer than 200,000 jobs were added in 2025, compared to 1.5 million in 2024. The slowdown was driven by high interest rates, federal workforce cuts and tariff rollouts.

Related Brief2d ago
monetary policy

Strong March Job Gains Signal Higher-for-Longer Interest Rates

The yield on the 10-year Treasury note spiked after the U.S. labor market added 178,000 jobs in March 2026, far exceeding the 59,000 positions projected by economists. The unemployment rate decreased to 4.3%. St. Louis Fed President Alberto Musalem noted that persistent strength in labor demand may keep core inflation above the Federal Reserve's 2% target. This data reinforces the expectation that the Federal Reserve will maintain its current benchmark rate of 3.5% to 3.75% for longer than previously anticipated.

While total unemployment benefits recipients fell to 1.79 million—the lowest level in nearly two years—layoffs at firms such as Oracle, Disney, Morgan Stanley, Block, UPS, and Amazon reflect a broader shift. The economy is now in a state where unemployment stays low, but the people out of work struggle to find new employment.

Related Brief3d ago
government bonds

Treasury yields hold steady as traders weigh inflation data and Middle East tensions

The 2-year Treasury note yield fell about 1 basis point to 3.7832% as traders price in a near-25% probability of a rate cut by year-end. The 10-year U.S. Treasury note yield remained flat at 4.2872%, and the 30-year Treasury note yield was flat at 4.8806%. These movements reflect investors preparing for key domestic data releases. The Commerce Department will release the latest personal consumption expenditures price index for February. The core PCE price index, the Federal Reserve's preferred gauge of underlying inflation, was 0.4% in January and is consensus expected to be 0.4% for February. Federal Reserve minutes from March's meeting showed policymakers remain open to future rate hikes should inflation continue to exceed the 2% target.

Fed interest rate decision

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