Economic uncertainty has both employers and employees waiting on the sidelines.

Employers have laid off at least 700,000 more workers so far this year than at the same point last year.

Leaders need to develop a safety net that will help displaced workers find good jobs, says senior economics contributor Chris Farrell.

But those job quitters aren’t evenly distributed around the country.

The moderation in pay growth is part of more balanced and stable economic conditions, some economists say.