This post was originally published on this site
W
hat’s cooler than being cool? The labor market, apparent
ly.Total hires and quits fell again in November, according to the latest Job Openings and Labor Turnover Survey from the Bureau of Labor Statistics, published on Tuesday, continuing the overall cooldown in the labor market. While recent interest rate cuts from the Fed are expected to allow businesses to invest more in hiring, the labor market has yet to benefit from these changes—meaning employees will continue to stay put at their employers f
or now.“The Fed is starting [to cut] rates, and there’s reasons to expect the consumer to be strengthened, and businesses