US 'low-hire, low-fire' labor market persists for third year, signaling structural shift

The U.S. labor market has entered its third year of unusually low hiring and firing rates, deviating from its historical pattern as a dynamic job-creation engine. This persistent stagnation suggests a structural change in labor dynamics, with potential long-term implications for wage growth, productivity, and monetary policy. The exact causes remain uncertain, but the trend challenges assumptions about the U.S. economy's resilience.

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