'No hire, no fire' job market shift: Chart of the Day

Tue, Jan 7, 2025, 4:00 PM

November's labor market data highlights a rise in job openings but also notes signs of cooling. In today's Chart of the Day, Julie Hyman and Josh Schafer note that both hiring and quit rates are at historic lows, indicating a "no hire, no fire" environment in which companies refuse to aggressively hire or lay off staff.

This trend raises the question: Will the labor market stay balanced in 2025?

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This post was written by Josh Lynch