Labor turnover picks up in September, but employers aren’t in the clear yet
Job openings, hires, and quits all rose in September, following months-long sluggishness.
Job openings, hires, and quits all rose in September, following months-long sluggishness.
“The labor market is quite a bit softer than what we were expecting to walk into this morning.”
The “low-hire, low-fire” labor market doesn’t seem to be going anywhere.
But experts caution that we’re not out of the woods yet.
Economic uncertainty has employers pulling back on hiring, while fewer opportunities and layoffs give workers reason to stay put.
Signs of a hiring rebound this past spring have so far failed to materialize.
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