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 211 a Hiring and Appointments DRAFT 62501 2018-2025

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as Jerome Powell mentioned we're in interesting low hiring and low firing um situation where the labor market is pretty tight There's not very high unemployment but not many people are getting laid off but not many people are getting hired right now There aren't a ton of jobs backstopping any potential uptick in firings or you know job quits Um so you don't have that you know backs stop like you did So if people are you know holding off on hiring for new jobs just during a short-term period of economic uncertainty then we might see that unemployment rate permanent not permanently but over the next couple of years 25 26 uh spread out just a little bit widen to a higher higher percentage of unemployed

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