The Macroeconomic Context: Stability Amidst Sluggishness
I. The Macroeconomic Context: Stability Amidst Sluggishness As of May 2026, the U.S. labor market is cooling but stable. Unemployment has stabilized around 4.3% to 4.5%, a figure that economists describe as “historically moderate” but noticeably higher than the ultra-tight conditions of 2022. The “Low-Hire, Low-Fire” Paradox Companies have largely moved away from “talent hoarding”—the … Read more