Orgs cut as many people as possible, and are hiring as slowly as possible (to control labor costs/push wages down) to juice productivity. Fed is behind, needs to keep cutting ~25 bps each FOMC meeting at least to preserve the labor market momentum.<p><a href="https://www.bloomberg.com/news/newsletters/2024-12-05/unemployed-for-longer-in-the-us-job-market" rel="nofollow">https://www.bloomberg.com/news/newsletters/2024-12-05/unempl...</a> | <a href="https://archive.today/t2cya" rel="nofollow">https://archive.today/t2cya</a><p><a href="https://www.bloomberg.com/news/articles/2024-12-04/job-search-for-us-unemployed-takes-longer-in-labor-market" rel="nofollow">https://www.bloomberg.com/news/articles/2024-12-04/job-searc...</a> | <a href="https://archive.today/IDc3t" rel="nofollow">https://archive.today/IDc3t</a><p>> Former Fed economist Claudia Sahm likened the current job market to the “Twilight Zone,” in reference to the 1960s-era science fiction TV show where reality isn’t what it seems. She said she could understand the lack of hiring if this were Europe, but not in the US, where economic backdrop is “really good.”<p>> “What are they doing, why aren’t they hiring more?” she asked.<p>Profits?