Economists say the U.S. attack on Iran in late February made employers reassess recruitment and could weigh on April jobs data.
Stephen Stanley of Santander Capital Markets said hiring could improve noticeably from last year if elevated uncertainty from tariffs and Middle East tensions eases.
The report suggests the conflict’s drag on labour demand may prove temporary, with any rebound depending on whether geopolitical and trade-policy uncertainty subsides.
Geopolitics, tariffs, or AI: which crisis poses the greatest long-term threat to the American job market?
With hiring frozen by multiple crises, could this 'big freeze' permanently reshape the future for entry-level workers?
As global conflict drives record oil profits, what is the real economic cost for American households and small businesses?