In-Demand Workers Are Staying Put as US Labor Market Cools
- Fewer job-changers may be good news for the Federal Reserve
- ‘Stay-in-place’ labor force may be a new normal for the US
This article is for subscribers only.
The dynamism that gives the US labor market its edge is slowing down.
The number of people that go from one job to immediately land in another has fallen by more than half a percentage point in recent months, according to data released by the Federal Reserve Bank of Philadelphia last week.