Faster Economic Growth, Weaker Hiring Seen by Harriet Torry and Anthony DeBarros
Prospects for U.S. economic growth are looking up, as investment in artificial intelligence booms and risks around tariffs diminish, according to economists surveyed by The Wall Street Journal. Even as the economists have raised estimates for economic growth, they have lowered prospects for jobs. Behind the strange dichotomy: Employers are reluctant to hire given political uncertainty and rising costs, even as their investment, especially in AI, is boosting productivity and economic growth. That slower job growth, however, won’t translate into notably higher unemployment, because the Trump administration’s crackdown on immigration is reducing the supply of workers. Economists expect the jobless rate to hover around 4.5% over the next year. It was 4.3% in August. tCTlJoMg7sMgno0naAXk-WSJNewsPaper-10-13-2025.pdf
