Job Market News:
While there are numerous variables that have contributed to this whacky job market, the term "low-hire; low-fire", best describes job market stagnation with historically low layoff rates and few new hiring. Do not get fooled by the news, low worker churn is caused by hiring freezes (esp. at the junior levels) due to economic unpredictability as well as workers "job hugging" (not leaving their jobs due to the perceived lack of new opportunities. Companies are hesitant about growing their workforce but do not want to layoff / fire because of the recent difficulty in filling roles.
I will explore this topic in the coming days.
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