00:00:00
This year, I think we've been talking a
00:00:01
little bit about a frozen labor market.
00:00:04
Unemployment's pretty good. There's not
00:00:06
a lot to worry about there at the
00:00:08
moment, but the rate of people changing
00:00:10
jobs has been very low. Layoffs,
00:00:14
depending on what indicator you look at,
00:00:16
still fairly low. I think the challenger
00:00:18
and grade layoff announcements has
00:00:20
really spiked, but when you look at
00:00:21
other sources of data, again, it doesn't
00:00:23
look like a lot of people are losing
00:00:25
their jobs, but they're not taking jobs
00:00:27
either. And so it's being this I think
00:00:29
wait and see almost on everybody's
00:00:31
behalf. Anything could happen. Uh it's I
00:00:35
think you know you could definitely tell
00:00:37
a story where things are going to pick
00:00:39
up. Um the economy hasn't slid as much
00:00:41
as we would expect. It's reasonably
00:00:44
robust. Um if companies have been
00:00:47
waiting to essentially some of them
00:00:48
might decide okay let let's just do it.
00:00:51
But you know there are also a bunch of
00:00:53
headwinds. So I I think it's we're in
00:00:55
this kind of teetering state where it
00:00:56
could go either way.
