Thursday, July 2
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Topic: unemployment

A U.S. Department of Labor jobs event with an audience of workers
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.

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