Job seekers are taking longer to land new work
People who lose their jobs are taking longer to find new ones. Nearly four in ten exhaust their unemployment benefits before they are re-employed. The source gives no figures on average search times or benefit durations, so the full scale of the shift is not yet clear. The pattern points to a labor market where hiring is slow even for those actively looking. Watch for upcoming jobs and claims data to show whether the trend is broadening.
Why it mattersYou should treat longer job searches as a sign of weaker hiring that could eventually weigh on consumer spending.
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