Odds of Getting Laid Off Are at Historic Lows in Tightest Labor Market in 50 Years

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Odds of Getting Laid Off Are at Historic Lows in Tightest Labor Market in 50 Years
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A worker’s chances of being laid off are lower today than they were in the late 1960s, in part because of transformations in the labor market from a half-century ago

The American workforce is rapidly changing. In August, 4.3 million workers quit their jobs, part of what many are calling “the Great Resignation.

” Here is a look into where the workers are going and why. Photo illustration: Liz Ornitz/WSJ, a sign of how few layoffs are happening in the tightest labor market in half a century.

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