It has gotten harder to find a job. The good news is, companies, for the moment, aren't letting people go, either.
The U.S. hiring rate fell to 3.3 percent in August -- it's lowest rate since 2013. On the other hand, layoffs hit a low one percent rate, lower than any point before the pandemic.
UNO professor of business economics Mark Rosa says the hiring challenges from the pandemic may be over, but some sectors have downsized in recent years
"So I think many firms are finding themselves in a stasis type of environment, but other firms, they're having a hard time with this," said Rosa. "We've had tech firms last year laying off tens of thousands of people as they've moved into A.I. They don't need the people anymore."
Rosa says there are signs of trouble on the horizon for the retail sector.
"Rite Aid filing bankruptcy, Walgreens laying off thousand of people as the close almost 2,500 stores. Those layoffs have yet to happen," he said.
And he said the financial sector has gone through a lot of consolidation.
Rosa said it has firms waiting to see what comes out of the next Federal Reserve board meeting in November.
