Chip Cutter
speaker
1,085 appearances
18 recordings
1 series
first heard Aug 2019
last heard Sep 2024
Chip Cutter’s voice in public audio — every appearance, attributed to the second.
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Appearances
And we've also just heard from a number of employers, like the home builder D.R.
Horton, for example, has said it has enough workers to build houses.
And Bright Horizons, the child care provider, says it's having an easier time staffing its facilities.
So you just look across the economy, and it's not always that we're seeing lots of layoffs in these hourly rolls.
Like, we're not really seeing that yet.
The job market still remains fairly strong, really, if you look historically.
It's a 4.3% unemployment rate as of July 2020.
But we're starting just to see these shifts.
There's less attrition inside a lot of companies that makes companies not have to hire for these roles.
And then, you know, we're starting to see wage growth start to slow, too.
All signs that the hourly job market is starting to see some weakness.
So this was something that's really interesting.
Sort of the term of silent layoff really means companies shrinking their workforce through attrition and by hiring fewer workers.
And sometimes what we see happening is companies will lose people.
People will quit, and they'll just decide not to replace these positions.
So that's sort of happening behind the scenes, too.
We've heard of a number of companies that are automating roles away.
So they'll say that we think tech, for example, can take the roles of some of these call center agents.
So let's not fire those people, but when they leave, we just won't replace them.
And so that's just another sort of factor happening here that might be leading to some of this slowdown.
Showing 41–60 of 1,085 · page 3 of 55
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