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Less Hiring Not More Layoffs Is Root Cause of Weak Job Market

Created on September 5, 2013

Less Hiring Not More Layoffs Is Root Cause of Weak Job Market

Less Hiring—Not More Layoffs—Is Root Cause of Weak Job Market

Unemployment today remains high due to low hiring levels. Layoffs spiked during the recession, but returned to normal about a year later. New hires, however, remain far below the pre-recession level of about 15.3 million jobs per quarter.

Keywords: layoffs, discharges, new hires, quarter, million

Source: U.S. Department of Labor, Bureau of Labor Statistics, “Job Opening and Labor Turnover Survey”/Haver Analytics.

Article ID: b27222013

CHART 6 | B 2722 (2013) | heritage.org

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Click here to read the original report, "Not Looking for Work: Why Labor Force Participation Has Fallen During the Recession."

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