From 'Great Resignation' to 'Great Detachment': How the U.S. job market has slowed

The U.S. job market has shifted from the optimistic phase of the 'Great Resignation' to a challenging period dubbed the 'Great Detachment'. Despite a low unemployment rate of 4.2%, many workers are experiencing difficulties in finding jobs, as evidenced by Dan Hevia's story of struggling to secure employment after submitting over 1,000 job applications without success. Factors such as low hiring rates, economic uncertainty, and waning satisfaction with employers contribute to this trend, reflecting a labor market increasingly favoring employers.

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