More about "low-hire, low-fire" -
Job openings have been trending down (down 19.1% from Feb 2024 - Feb 2026) for non - farm operations jobs. These is below prepandemic levels even as layoffs have remained low. A result has been a broad hiring slowdown that has hurt all new entrants to the labor market, a group that includes young workers (w/ and w/ out college degrees).
“There’s just a general slowdown in hiring and less churn,” said Adam Ozimek, the chief economist at the Economic Innovation Group, a nonpartisan think tank. “And so those who need their first jobs are probably disproportionately affected.”
Source: NYT
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