No Help Wanted

The labor market is suffering from sclerosis. While employers are no longer firing workers – the percentage of workers laid off or fired in 10/11 was lower than in ’07, before the recession – they also aren’t hiring. Similarly, few of the employed are quitting their jobs. Usually about 2% of all workers quit their job each month. Now, it’s just 1.5%. In combination, these two trends make it very hard for the young and the unemployed to find work.

Share This Post
Facebook Twitter Email

Speak Your Mind


This site uses Akismet to reduce spam. Learn how your comment data is processed.