On the recordFebruary 6, 2025
It's a low-hiring environment. So if you have a job, it's all good, but... if you have to find a job, the job-finding rate—the hiring rates have come down.
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newsweek.comIt's a low-hiring environment. So if you have a job, it's all good, but... if you have to find a job, the job-finding rate—the hiring rates have come down.
Powell describes the challenges of job searching in a low-hiring environment.
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More from Jerome Powell
Part of that is due to the start-stop nature of the tariffs that have been introduced.
Job growth, he said, has slowed considerably and that the downside risks to employment are rising.
As long as the U.S. economy is in solid shape, the prudent thing to do is to wait and learn more and see what the effect might be.
Overall, while the labor market appears to be in balance, it is a curious kind of balance that results from a marked slowing in both the supply of and demand for workers.