'Labor hoarding' has become the hot theory explaining why layoffs are low 🧐

Re-staffing isn't cheap 💸

Layoff activity remains at historic lows. (Source: BLS, TKer)

With the economy slowing for months, you’d think there’d be more layoffs. But layoff activity remains very low.

What gives?

Well, we may be witnessing “labor hoarding” on the part of employers.