The U.S. economy experienced significant growth in the third quarter of 2025, with GDP increasing by 4.3%, marking the largest rise since the third quarter of 2023. Despite this economic expansion, the unemployment rate has climbed to 4.6%, the highest level since 2021, indicating a disconnect between economic growth and job creation.
This phenomenon, described as a 'jobless boom,' is driven by substantial investments in artificial intelligence and robust consumer spending, particularly in the healthcare sector. However, major corporations such as Amazon, Microsoft, and Meta are reducing their workforce, contributing to the rising unemployment figures. According to KPMG's Diane Swonk, this decoupling of the labor market from economic growth is expected to persist into 2026, as the crypto market remains sensitive to these macroeconomic changes.
U.S. Economy Expands Amid Rising Unemployment, 'Jobless Boom' Looms
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