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lowhire

‘Low-hire, low-fire’ economy grinds on as lower-than-expected jobless claims suggests layoffs aren’t spiking

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The number of Americans applying for unemployment benefits declined last week in a sign that overall layoffs remain low, even as several high-profile companies have announced job cuts. U.S. applications for unemployment benefits in the week ending Nov. 22 dropped 6,000 from the previous week to 216,000, the Labor Department reported Wednesday. The figure is below the 230,000 … Read more

‘Just enough to spend, not enough to splurge’: The low-hire labor market bites for Gen Z and lower-income Americans, JPMorgan finds

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The holiday season is on a budget this year. American households are entering the next festive few weeks with constrained spending power, a result of weak real income growth and a softened labor market that is disproportionately affecting younger and lower-income workers, according to a comprehensive financial health report from the JPMorgan Chase Institute. The … Read more

Fed speeches reveal split that puts rate cut in jeopardy: persistent inflation vs ‘low-hire, low-fire’ labor market

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What was once seen as a near-certain cut in interest rates next month now looks more like a coin flip as Federal Reserve officials sharply disagree over the economy’s health and whether stubborn inflation or weak hiring represent a bigger threat. In several speeches in the past week, some policymakers have registered greater concern over persistent … Read more

Meet a 32-year-old who quit her job a year ago and is still looking after 700 applications and counting in the ‘low-hire, low-fire’ job market

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When Carly Kaprive left a job in Kansas City and moved to Chicago a year ago, she figured it would take three to six months to find a new position. After all, the 32-year old project manager had never been unemployed for longer than three months. Instead, after 700 applications, she’s still looking, wrapped up … Read more

Millions of workers are left out of the ‘low-hire, low-fire’ U.S. job market

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The “low-hire, low-fire” US labor market is leaving millions on the outside looking in. It’s not just recent college graduates who are struggling to find entry-level positions. Out-of-work mid-career employees are taking part-time jobs, and hiring has stalled in industries from professional services to manufacturing. More than a quarter of the jobless have been out of work more than … Read more

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