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International Business Times
International Business Times
Business
Bruce Golding

Bank Of America Says US Labor Market Is Stagnant: 'Low-Hire, Low-Fire'

A help wanted sign is displayed in the window of a Golden Krust restaurant in Brooklyn, N.Y., on June 7, 2024. (Credit: Michael M. Santiago/Getty Images)

The 51% of American workers who want a new job may have to wait a while — but they probably won't get laid off in the meantime.

Bank of America economists said in research note that the U.S. labor market was "currently characterized by a lack of churn: soft hiring and low layoffs," CNBC reported Monday.

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