The "Low-Hire, Low-Fire" Labor Market

Bruce Fallick

Economic Commentary, 2026, vol. 2026, issue 17, 6

Abstract: Hires and quits have been low during the strong labor market over the past year or so, when layoffs have also been low. This combination is historically unusual. However, it is likely a continuation of long-term trends rather than something unique to the current period.

Date: 2026
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DOI: 10.26509/frbc-ec-202617

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