Are we in a ‘low hire, low fire’ economy?

The US economy is curdling into a ‘low hire, low fire’ economy – where employers are no longer making large scale layoffs, but are also not expanding their workforce in any serious degree. Hiring is being restricted to business critical replacement hires or strategic acquisitions which are perceived to have multiplier impact on the rest of the organisation. This is important news for recruiters and job seekers alike – we can expect intense competition for the expected lower volume of jobs