This is a preview. View original post on this site
Following a whirlwind of labor market strength over the past few years, the labor market has cooled down considerably since the beginning of the year. This has particularly threatened the security of workers in what we call “sitting down” positions.
Despite the slowing, employment losses have been rather minimal so far and workers with a graduate degree still have an extremely low unemployment rate. However, there is no doubt that it has become significantly harder to change jobs. The reason is that after the hiring boom of 2021 and 2022 (when employers were aggressively competing for workers), many companies have