Data suggests 'hiring recession' may be behind us — but the Iran war poses job market risks

Hiring activity increased in March, indicating continued labor market improvement in federal data released Tuesday. However, the Iran war poses a downside risk that could stall job growth and weaken momentum in the labor market. The report is broadly factual, but the geopolitical threat adds a cautious near-term outlook.

Analysis

Hiring activity increased in March, indicating continued labor market improvement in federal data released Tuesday. However, the Iran war poses a downside risk that could stall job growth and weaken momentum in the labor market. The report is broadly factual, but the geopolitical threat adds a cautious near-term outlook.