✉news BusinessEconomy first seen 19 h ago, last 10 h ago, peak #15
JOLTS report shows US job market stuck in low-hire, low-fire mode
Original: The latest JOLTS survey shows more of the same low-hire, low-fire economy
The latest JOLTS survey from the US Labor Department shows little change in the American labor market, with hiring and layoffs both remaining subdued. The data suggest employers are holding onto workers but reluctant to add new staff, a pattern economists describe as a low-hire, low-fire economy. Commentators are weighing what the stagnation means for job seekers and for Federal Reserve rate policy.
Why now: The fresh monthly JOLTS release offers a read on labor market strength ahead of Federal Reserve rate decisions.
US Department of LaborFederal ReserveUnited States
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