Jobs, Employment, News
Key Takeaways * Frozen flows, not layoffs. The quits, hires, and layoff rates each sit about 17% below their 2018–19 averages. The weakness is showing up in hiring and mobility, not layoffs. * Normal openings, fewer moves. Openings and the vacancy-to-unemployment ratio look near-normal. Far fewer workers move
employment situation
Key Takeaways * Payrolls “fell” 23,000, but that is statistically indistinguishable from zero — and the drop was likely a government-education seasonal quirk. Private payrolls actually rose 30,000. * The revisions are the story: May and June were cut by a combined 103,000, and the 12-month average is
Jobs, Employment, News
Key takeaways * The job market is frozen — low-hire, low-fire. Employers have sharply cut hiring without materially increasing layoffs; the market has stabilized at a cool level rather than actively deteriorating. * June's 4.2% unemployment fell for the wrong reason. Participation dropped and about 500,000 fewer