Get the latest tech news
America Has Two Labor Markets Now
Americans live in separate economic realities: Those with a job are likely to stay employed, but those without one are likely to stay unemployed. From a report: Welcome to the low-hire, low-fire labor market. Private-sector layoffs are at historic lows, but that masks a dreadful outlook for unemploy...
From a report: Welcome to the low-hire, low-fire labor market. Private-sector layoffs are at historic lows, but that masks a dreadful outlook for unemployed workers or those unhappy with their current positions.[...] "Many employers are loath to lay off workers until they see the whites of the eyes of a recession, having had such problems finding suitable workers in the first place," David Kelly, chief global strategist at J.P. Morgan Asset Management, wrote in a recent note.
Or read this on Slashdot
