New Economy
Tuesday, 6/30, 04:43 PM
Job Openings Hit a 2-Year High, but Hiring Is Frozen
- US job openings have climbed to around 7.6 million — a roughly two-year high — yet actual hiring is stuck and few workers are quitting.
- It's a 'low-hire, low-fire' freeze: a labor market that looks busy on paper but is hard to actually move through, and a tricky signal for the Fed.