Job seekers are sour on the cooling labor market

The labor market has cooled from a red-hot pace in 2021 and 2022. The unemployment rate has increased and businesses aren't hiring as readily.Job seeker confidence in Q2 2024 fell to its lowest level in more than two years, according to a quarterlydecline suggests workers are more pessimistic about their ability to land their preferred jobs.However, the labor market has slowed gradually.

"The postpandemic excesses of the U.S. job market have largely subsided," Preston Caldwell, senior U.S. economist for Morningstar Research Services, recently wrote. The labor market's broad readjustment has been "mostly welcome" as it comes back into its pre-pandemic balance, Bunker said. But any further cooling "is a riskier proposition," he said.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US labor market steadily easing despite rise in job openingsUS labor market steadily easing despite rise in job openings
Source: Investingcom - 🏆 450. / 53 Read more »

Colorado business leader confidence starts slipping after spring surgeColorado business leaders started the spring with a brighter outlook but have shed some of that optimism, according to the Leeds Business Confidence Index from the University of Colorado Boulder.
Source: denverpost - 🏆 13. / 72 Read more »