Job Market Cools as Hiring Slows, Layoffs Stay Low but Signs Emerge of Growing Worker Vulnerability

• Layoffs remain low but hiring has slowed significantly, signaling a cooling job market • "The Great Stay" - few workers leaving jobs; unemployment still low • Worrisome signs hours worked cut back, temporary job cuts increasing • Layoff announcements highest for a February since the financial crisis • Taking longer for unemployed workers to find new jobs; opportunities limited