“Job openings and hiring both eased in June, consistent with the cooling we’ve been seeing in the labor market. Neither layoffs nor hiring seem to possess much positive momentum. Amid much uncertainty and volatility, many employers don’t want to get caught with too much headcount. They’re also reluctant to engage in mass layoffs.” -Mark Hamrick. Mark Hamrick, Washington Bureau Chief & Senior Economic Analyst at Bankrate.com, joins Newell to explain this statement.