The U.S. job market has been stagnant of late; this dynamic contains both good and bad news for U.S. workers.
On the one hand, businesses are holding on to their existing workforce, meaning employees are unlikely to lose their jobs, economists said. But it also may be hard for jobseekers to land a new gig as employers pull back on hiring, economists said.
It's a "low-hire, low-fire environment," Bank of America economists wrote in a research note Friday.
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