U.S. employers posted far fewer jobs in November than the previous month, a sign that employers aren’t yet ramping up hiring even as growth has picked up.

Goods-producing sectors, which also include mining and logging, wholesale trade, and transport and warehouse struggled over the past year.

As President Donald Trump piled on new tariffs last year, many economists quickly warned that prices and unemployment would spike. With most of the 2025 economic results in, it’s looking like those forecasters get partial credit.

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In a slowing labor market, even people with jobs are increasingly making do with less-than-ideal arrangements. They’re stuck in part-time positions or patching together multiple jobs to make ends meet,