Hiring "Duds" In the US Economy

Many people are focusing on this month’s dismal hiring report from the US Department of Labor in terms of its effect on the Fed and short-term interest rates. It’s true that the short-term interest rate debate will be important to the US economy, but I see the “unqualified dud of a jobs report” through the lens of workplace culture. Why are so few workers being hired? It’s not that people aren’t looking for jobs; rather, the answer may lie in overarching attitudes about workplace culture. People have less trust in the job market, meaning they’re more likely to stay in the job they’re in; perhaps younger employees are finding it difficult to secure employment in industries used to a revolving door approach in millennial workers. You can read more at the Wall Street Journal.