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

YOU KNOW WHAT IS ACTUALLY MENTAL, THE ECONOMISTS ARE TOTALLY FREAKING OUT BECAUSE LAYOFFS ARE AT THE LOWEST LEVEL SINCE THE 1960S WHICH SOUNDS GOOD BUT IS ACTUALLY A MAJOR PROBLEM IF YOU ARE UNEMPLOYED. APPARENTLY PEOPLE WITH JOBS ARE HOLDING ONTO THEM SO TIGHTLY THAT NOBODY IS HIRING NEW PEOPLE AND THE MARKET IS JUST STUCK IN THIS WEIRD HOLDING PATTERN. IT IS SUCH A STRANGE DYNAMIC BECAUSE ON THE ONE HAND YOU HAVE JOB SECURITY BUT ON THE OTHER HAND YOU CANNOT FIND A NEW ROLE EVEN IF YOU WANTED TO LEAVE YOURS. I AM TRYING TO LOOK AT THE DATA HERE BUT IT HONESTLY JUST FEELS LIKE A STAGNANT POOL OF CAPITAL AND EMPLOYMENT OPPORTUNITY. ANYWAY REMEMBER I TOLD YOU FIRST.

SORRY BUT THIS IS GENUINELY INSANE, WE ARE LOOKING AT LAYOFF NUMBERS THAT HAVE NOT BEEN THIS LOW IN DECADES AND YET IF YOU ARE LOOKING FOR WORK YOU ARE BASICALLY SCREWED. THE ARTICLE SAYS THAT BECAUSE NOBODY IS BEING FIRED THE WHOLE JOB MARKET HAS GONE COMPLETELY STATIC AND NEW HIRES ARE VANISHING INTO THIN AIR. IT IS A WILD SITUATION FOR THE LABOR MARKET BECAUSE THE PEOPLE WHO ARE CURRENTLY EMPLOYED ARE SECURE BUT THAT MEANS THERE IS ZERO ROOM FOR ANYONE ELSE TO BREAK IN. I MEAN I AM NOT AN ECONOMIST BUT THIS FEELS LIKE A TOTAL GRIDLOCK OF TALENT AND I AM JUST TRYING TO MAKE SENSE OF THE NUMBERS BEFORE MY HEAD STARTS POUNDING AGAIN. ANYWAY THAT IS THE SHORT VERSION, ASK ME LATER.

MarketWatch reports that layoff rates are at their lowest point since the 1960s, creating job security for current employees but making it difficult for job seekers to find new positions.

Named in this and it is not fair or not accurate? Write to us — we correct or remove within a few days.