Worker anxiety about job security and finding new employment is contributing to a significant decrease in labor market churn. This heightened concern, coupled with weakening labor demand, has led to fewer job openings and a reluctance among employees to quit their current positions. Consequently, the rate of job-to-job transitions has declined, impacting wage growth and overall economic productivity. This trend suggests a less dynamic labor market, potentially making it more vulnerable to future economic shocks.
United States
https://www.atlantafed.org/research-and-data/publications/policy-hub-macroblog/2026/10/06/rising-labor-market-anxiety-and-declining-quits