US Labor Market Looks Stable but Is Effectively Frozen

Randal Olson notes the US labor market appears healthy with 4.2% unemployment and low layoffs, but hiring has slowed to 2012 levels and few workers are voluntarily quitting, suggesting a frozen market.

2026-10-04 ~ 2026-10-04 · 2 related posts

• US labor market looks fine on paper but has frozen: hiring back at 2012 levels — randal_olson · 2026-10-04
• US labor market looks fine on paper but has frozen: hiring back at 2012 levels — randal_olson · 2026-10-04