Unprecedented 'Jobless Boom' Tests Limits of US Economic Expansion
Published: (February 18, 2026 at 12:04 PM EST)
1 min read
Source: Hacker News
Source: Hacker News
Overview
The US economy is creating plenty of wealth. It’s just not creating many jobs.
Forecasters expect Friday’s report on gross domestic product to show the economy expanded 2.7% in 2025, a solid pace by any standard for a developed country. But employment barely grew (source), and the combination is drawing comparisons to the infamous “jobless recovery” of the early 2000s that followed the tech bubble and collapse.