Economy

Layoffs haven’t been this low since the 1960s. It’s great if you have a job — but not if you don’t.

Layoff activity is at levels not seen since the 1960s, producing a labor market where people already employed face relatively low risk of losing their jobs while jobseekers encounter substantial difficulty finding openings. The current environment therefore benefits incumbents but creates challenges for those trying to enter or re-enter the workforce.