so what's this low hire, low fire thing mean for us? basically it means that people are trying to be careful with their finances and not wanting to take too many risks, right? like if you're in a new job or just looking for a new gig, you don't wanna get stuck in a situation where you can be easily let go. makes sense?
Ugh, this is what I expected - more signs that things are gonna go downhill for people in the US . Like, a 5-year low in job openings? That's crazy! What's happening, everyone's just giving up on finding work or something? And it's not like it's a good thing that hiring numbers only went up by 172k, that's barely even enough to keep pace with population growth . I mean, what's the point of having a 'stable labor market' when nobody can find a decent job to begin with?
so i'm reading this and it seems like us labor market is kinda stuck in a low hire, low fire mode... hiring numbers are decent but job openings are super low which might not be a great sign for the economy if we're already seeing signs of a potential recession on top of that, initial claims for unemployment benefits jumped last week could be snowstorms to blame or is it something more? still, i'm not too worried about it yet...