February 13, 2026
A low unemployment rate hides worker and employer incentives that encourage low hire; low fire negative externalities.
A low unemployment rate hides worker and employer incentives that encourage low hire; low fire negative externalities.
Also called the Great Resignation, for a slew of reasons, labor turnover increased as the pandemic started to subside.
By looking at job openings, hires, and quit rates in the JOLT Summary, we can get some unemployment insight about tighter labor markets.