In apparent contrast to the labor market “dynamism” which defined the immediate post-Covid period, hiring and quitting continue to lose momentum and overall job “turnover” has reached its weakest pace in nearly a decade. “Over the last three years, hiring has slowed sharply. And while pay growth has stabilized at levels higher than those seen before the pandemic, the payoff from changing jobs has fallen to its lowest level in ADP data going back to 2017,” Dr. Nela Richardson, chief economist at

Tag-uri: Coronavirus