Episode Details
Back to EpisodesJob Market Slowdown: Hiring Drops, Quits Plunge
Description
Job openings plummet to six point nine million in February, marking a slowdown in the U.S. labor market. Hiring hits a four-year low, with quits and layoffs on the rise. Economists attribute this to factors like the Iran war, high gas prices, interest rates, policy uncertainty, and AI disruption. Net job growth remains weak, with Marchs report due Friday. Unemployment remains steady at four point four percent, but the job market outlook remains tense.
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