America’s Silent Employment Crisis: The No-Hire, No-Fire Illusion

America’s Silent Employment Crisis: The No-Hire, No-Fire Illusion Have you noticed how comfortable stagnation can feel—right up until the moment it implodes? For months, politicians and corporate economists have trumpeted the idea that the labor market is “resilient.” After all, few people are being laid off. But in my decades dissecting the hidden gears of the financial machine, I’ve learned that when something looks too stable to be true, it usually is. Let’s look past the surface: The U.S. continues to report a historically low rate of layoffs. At first glance, that sounds reassuring. But scratch just below the headline, and a darker reality emerges—one where hiring is evaporating, and millions remain stranded without a path back into the workforce.…