For every job seeker, there are 1.05 jobs available.
Separations (that’s layoffs and quits) were essentially flat in June. Hiring ticked up.
There are now more unemployed people than job openings, which is landing particularly hard on young jobseekers.
Both the housing market and the job market appear to be stalling, leaving some people stuck in the economy.
The Federal Trade Commission says reports about hiring scams tripled between 2020 and 2024.
The number of people who have spent six months or more looking for work has been rising.
Among the biggest challenges small firms are facing is hiring.
Economists say the supply of jobs and workers is coming into better balance than during the labor shortages of the pandemic.
People who left during during the pandemic are still being replaced. Providers struggle to fill the gaps as demand steadily rises.
Federal data also shows fewer people quit last month, bringing rates back in line with pre-pandemic levels.
