The U.S. labor market probably started 2025 the way it spent most of last year: generating decent, but unspectacular, job growth.
A multimillion-dollar home is close to falling into the Cape Cod Bay.
As the labor market cools, American workers are losing confidence in their ability to find better pay or working conditions by changing jobs. The number of people quitting has fallen from a record 4.5 million near the height of the hiring boom in April 2022, to December’s 3.2 million, which is below pre-pandemic levels.
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