India, Oct. 27 -- The United States labor market is witnessing the "Great Freeze" due to mass layoffs, AI eliminating job opportunities, and a clampdown on immigration. Great freeze refers to a situation in which firms aren't hiring as much as they are firing workers. This implies job seekers have few options and employees' career advancement is stagnating.

There have been highs and lows in the US labor market lately. While there are several "lows" in the soft job market, including layoffs and unemployment for almost a year, job vacancies and hiring have seen a fall.

Even if no one is being laid off, there are currently few chances for career advancement or for job searchers to discover new roles.

Despite the robust US economy, economi...