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The labor market is entering a period of mild “stagflation” — a term popularized in the 1970s that describes an economic phenomenon in which weakening growth (stagnation) combines with elevated prices (inflation). But in this case it’s applied to just the labor market, and it seems to be a mild case looming, with no signs yet of a major labor market recession or wage-price spike. What that means for recruiters and talent acquisition (TA) leaders — the people who power hiring at major employers in the U.S. — is, well, more of the same. A slow-to-hire, slow-to-fire labor market; elevated
