Balance of Power Changed, Employers Re-exert Control, but also Cling to their Workers

Fewer workers quit (rattled by layoff headlines?), so fewer vacant slots to fill and less hiring. But actual layoffs are at historic lows. By Wolf Richter for WOLF STREET. Powell talks a lot about the balance in the labor market, about job openings, quits, layoffs, and hires – and we got the latest data today. They depict a labor market dynamic where workers hang on to their jobs rather than looking for the greener grass on the other side; they …