COVID Reason • 475 implied HN points • 03 Oct 24
- Hiring is way down and fewer jobs are being created. This shows that companies are worried about the future.
- People are not leaving their jobs as much because they feel the job market is risky. They prefer to stay where they are to avoid unemployment.
- The Federal Reserve is taking actions like cutting rates, but these steps won't fix the deeper problems in the job market that stem from lower demand for goods and services.