đ Labor Market at a Standstill
The hiring rateâmonthly hires as a share of total employmentâhas fallen to levels typically seen during recessions. At the same time, the quits rate, which tracks voluntary job departures, remains subdued.
Alongside fewer job openings, rising unemployment, and slowing job growth, the takeaway is clear: the labor market is stagnating, with workers neither being hired at scale nor confidently switching jobs.
#LaborMarket #EconomicSlowdown #EmploymentTrends #MacroEconomy #RecessionSignals