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