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U.S. labor market churn rate near Great Recession lows, Ernie Tedeschi notes

U.S. labor market churn rate near Great Recession lows, Ernie Tedeschi notes
U.S. labor churn at record lows

The U.S. labor market churn rate has reached one of its lowest points since official records began. Ernie Tedeschi highlighted that this level now rivals the depths seen during the Great Recession.

His assessment follows the latest release from the Job Openings and Labor Turnover Survey (JOLTS), suggesting a notable slowdown in labor market movement.

Tedeschi has recently commented on related labor market trends. In a previous note, he reported that the entry-level share of legal jobs is slightly above trend, with finance and office administration tracking differently. He also found that nonfarm business productivity rose 2.8% in 2025, up from 2.3% in 2024.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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