Chicago Fed's Goolsbee: The labor market is 'stable without being good'

We've been stable without being good. It's If you If you look at the rates, the unemployment rate's been stable, the hiring rate's been stable, the layoff rate's been stable, the vacancy rate's been stable. So, I still think there's not a lot of evidence that the job market is falling apart. Part that's not good is the hiring rate.I mean, the the hiring rate is we're in a low hire, low fire environment, as they say. The hiring rate is low enough it would correspond to kind of the depths of a recession. But ...