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
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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