Hiring is slowing — slowly. It might be just what the economy needs.

Hiring is slowing down as businesses remain hesitant to hire new workers until the economic feasible is better understood. This can act as a stabilizing force on the economy as slow growth can help to avoid further economic downturns. On the other hand, though, slow hiring does mean that economic growth may be slower as businesses are not driving growth with new hiring and investments in employees. Overall, the slowing down of hiring may be a necessary adjustment while the economy adjusts to the post-COVID landscape.