The US job market is struggling, and it’s not just one issue causing the slowdown. Instead, several factors are contributing to the decrease in hiring pace. According to recent data, there isn’t a single reason why the job market is slowing down.
Instead of pinpointing a single cause, experts point to multiple reasons for the decline in hiring. These include rising costs, increasing competition from new technologies, and changes in consumer behavior. Additionally, some argue that the pandemic’s long-term effects are still being felt, impacting the job market as a whole.
The complexity of these interconnected factors makes it difficult to pinpoint a single cause, but they all contribute to the current state of the US job market.
Source: https://www.wsj.com/economy/jobs/this-is-why-its-so-hard-to-find-a-job-right-now-f18bd1c0