In this economy, the only thing making moves is our cortisol levels. Economic uncertainty saw employers and workers pull out of the job market in 2025, leading to what’s since been described as a “no-hire, no-fire” labor market. New data shows that trend is continuing in 2026. Despite a slight uptick in job openings, labor turnover primarily continued to stagnate in January, per the latest job openings and labor turnover survey (JOLTS) from the Bureau of Labor Statistics. Diving into the data. Job openings rose to 6.9 million in January, up from 6.6 million in December. Openings increased the most in finance and insurance, by 184,000 to 313,000, while private educational services saw the steepest decline, by 28,000 to 129,000. Total hires in January remained unchanged month over month at 5.3 million. Total hires rose the most in professional and business services, by 35,000, and fell the most in transportation, warehousing, and utilities, by 67,000. But don’t hold out hope that the uptick in job openings in January will materialize into job growth. The opposite happened in February, when total employment declined by 92,000, per the BLS’s latest jobs report. Zoom out. Caution is driving both employers and workers’ job decisions. For more on what HR needs to know about the JOLTS report, keep reading here.—PM |