The Great Resignation, Stalled
Not long ago—like last month—job hunters seemed to have all the leverage. Nationwide, there were nearly two open jobs for every unemployed person. In some markets the ratio was closer to 3:1. But interest-rate hikes, a significant stock market decline, and the growing possibility of a recession—according to a slew of economists and corporate leaders—have dented the confidence of many would-be job seekers. The pace of new job postings has slowed on various online job sites. Early indications suggest that firms are pulling back on filling open slots. Major retailers have said...