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Story summary
- Korn Ferry says the term "job hugging" describes workers clinging to their jobs as the labor market cools, marking a shift from the "great resignation" of 2021–2022.
- Federal data show 22,000 jobs were added in August, with the economy shedding 13,000 jobs in June.
- Despite low overall unemployment, recent college graduates face significant challenges in the current job market.
