Catherwood LibraryILR School

As the U.S. labor market normalizes post-pandemic, employers are reducing job hoarding practices where they retained staff despite weakening conditions. Recent data indicates a decline in average weekly hours and a rise in jobless claims, suggesting potential job cuts ahead. Unemployment has risen to 4.3%, and companies like Intel are announcing layoffs. Economists note that firms may stop hoarding as labor becomes more available. Additionally, job listings have shifted, with fewer in large cities and more in healthcare. The end of job hoarding reflects broader economic adjustments and potential employment changes.