The #JobMarket Is Frozen
#Unemployment is low, but workers aren’t quitting and businesses aren’t #hiring. What’s going on?
The answer is that two seemingly incompatible things are happening in the #job market at the same time. Even as the unemployment rate has hovered around 4 percent for more than three years, the pace of hiring has slowed to levels last seen shortly after the #GreatRecession, when the unemployment rate was nearly twice as high.
https://www.theatlantic.com/ideas/archive/2025/02/jobs-unemployment-big-freeze/681831/
https://archive.ph/Nx8G8
#Unemployment is low, but workers aren’t quitting and businesses aren’t #hiring. What’s going on?
The answer is that two seemingly incompatible things are happening in the #job market at the same time. Even as the unemployment rate has hovered around 4 percent for more than three years, the pace of hiring has slowed to levels last seen shortly after the #GreatRecession, when the unemployment rate was nearly twice as high.
https://www.theatlantic.com/ideas/archive/2025/02/jobs-unemployment-big-freeze/681831/
https://archive.ph/Nx8G8
The Job Market Is Frozen
Unemployment is low, but workers aren’t quitting and businesses aren’t hiring. What’s going on?Rogé Karma (The Atlantic)
