It’s the strangest job market the U.S. has ever seen. The low-hire, low-fire economy turns 3 years old.
Summary
The American labor market has entered a prolonged phase characterized by unusually low rates of hiring and firing. This unusual economic dynamic has now persisted for three consecutive years, potentially leaving long-lasting structural impacts on the country's employment landscape.
America has always been a job-creating machine. It has broken down for three straight years, and the implications could be with us for a long time.
Source: Read the full story at MarketWatch.com - Top Stories
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