New Economy
Thursday, 7/2, 03:46 PM
The Great Hunkering Down: Why America's Job Market Froze
- American workers have stopped moving.
- Hiring has slowed, quitting has dropped to a four-year low, and layoffs remain historically rare — a 'low-churn' labor market that economists have dubbed the 'Great Hunkering Down.' It leaves job seekers stuck even as the unemployment rate stays low.