JOLTS Report Reflects ‘Freeze’ That Will Worsen as it Goes
Schwab Network · Schwab Network
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Show Notes
Noah Yosif from the American Staffing Association reacts to the JOLTS report and gauges the health of the labor market. He discusses sectors that “buck the trend,” including in the government and in areas that have “severe shortages” like healthcare, where wages are pressured higher. “A rate cut is definitely penciled in,” Noah says, and thinks the JOLTS report only boosts that sentiment. “The longer that this [hiring] freeze lasts,” he adds, the more conditions will likely deteriorate for job seekers as more corporations add AI and cut positions in other ways.
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