Economist Points to Hiring Freeze Across US, Praises Utah's Economic Stability
A leading US economist shared his insights on the economy in Utah, highlighting a hiring freeze across the US due to uncertainty over tariffs, immigration, and technology.
Dr. Mark Zandi, chief economist at Moody Analytics, testified that the nation's economy is facing struggles, but the country has persevered through factors such as tariffs, immigration policy, and the government shutdown.
Behind that is there is a lack of hiring.
Zandi praised Utah's strong social and economic cohesion, suggesting it could help the state weather the slowdown. He shared his insights at the Kem C. Gardner Policy Institute in Salt Lake City.
Key points include:
- Hiring freeze across the US due to uncertainty
- Utah's economic stability could help it weather the slowdown
- Factors such as tariffs, immigration policy, and government shutdown contribute to uncertainty
Author's summary: Economist Dr. Mark Zandi discusses US hiring freeze and Utah's economic stability.
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