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Story summary
- The term "job hugging" describes workers clinging to their jobs in a cooling labor market.
- Korn Ferry popularized the phrase.
- This term reflects a shift from the great resignation of 2021–2022.
- August added 22,000 jobs.
- June posted a 13,000-job loss, the first since December 2020, while unemployment remains low and recent college graduates face challenges.
