Massive Churn in the Labor Market Slows: Layoffs and Discharges, Voluntary Quits, Job Openings, and Hires

Psychological effect of the barrage of layoff news? Workers give up some of their new sense of power, keep their nose to the grindstone, and quit quitting. More and more data point in the same direction: After all the breathless headlines about global layoff announcements, and after seeing some…

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