Hiring has been slowing for a few months now, which isn’t necessarily a bad thing. It can be a sign that the labor market is becoming saturated and that employers no longer need to hire as quickly in order to meet demand. This can help prevent risk of wage inflation due to excessive competition for talent, which can be a beneficial outcome in terms of helping to maintain stability in the economy. Overall, this slowdown in hiring is likely a welcome sign for the economy as it continues to recover from the effects of the pandemic.
