'Labor Hoarding' Might Save You From Layoffs

With the economy slowing down, you would think that layoffs would be ratcheting up. But that’s not the case. Despite high-profile layoffs at companies such as Netflix, Snap, and Better.com, the national average of layoffs hasn’t changed much in many months, according to the Bureau of Statistics.

Economists are citing a phenomenon called “labor hoarding” as the reason.

Labor what? Most of us have heard of house hoarders, but how does one hoard labor, and why do it in the first place?

Labor hoarding describes companies hanging on to employees rather than letting them go during an economic downturn.

Economists say labor hoarding is one reason unemployment is down for the fifth

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