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At our recent Job Boards Connect conference, Julius Probst, Senior Economist at Appcast, shared an insightful deep dive into the economic and labour market trends shaping the US and Europe. His session, “Economic and Labour Market Trends: US & Europe,” unpacked how trade policies, political shifts, and changing hiring patterns are reshaping growth and recruitment across both regions. Here are the key takeaways from his talk.
After years of resilience, global labour markets are starting to lose steam. From Washington to Berlin to London, the post-pandemic hiring boom has cooled and the data shows that economic uncertainty, political shifts, and sectoral transitions are reshaping how businesses hire and grow.
The End of American Exceptionalism?
For much of the past decade, the U.S. economy stood out for its low unemployment and strong job creation. But three key developments could change that trajectory:
Trade Tensions Are Back
The renewed U.S.–China tension and Trump’s global trade war have triggered the steepest rise in tariff rates in more than a century. That means higher prices for consumers, slower growth at home, and reduced demand for European exports abroad.
The broader impact is uncertainty, and uncertainty makes businesses
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