A Cooling Jobs Market, Wages Losing to Inflation, and Seats You Can't Fill

June hiring came in at just 57,000 jobs, half the forecast, cementing a low-hire, low-fire market where big firms hoard labor. Alex explains why that's actually an opening for small businesses courting new grads and big-company leavers, how wage growth trailing inflation is a silent retention risk, and why a role open past 60 days costs more than the raise to fill it. Three stories, five minutes.