Tuesday, June 30
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Topic: jolts

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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.

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