Breaking Job News: Job Growth Is Flat, Tenure Shakeups, & Tri-State Job Cuts Deepen

The hiring headlines don’t match the reality, and that mismatch tells the real story. ADP’s latest data shows negative net job growth, yet the share of new hires is rising. How? Host Pete Newsome breaks down the hidden engine behind today’s labor market: a shrinking labor force, rapid retirements among workers 55+, and a wave of replacement hiring that keeps companies running in place rather than expanding. Even as roles refill, new-hire wage growth is the slowest on record, reshaping leverage for job seekers.Pete also dug into the New York Fed’s newest read on the Northeast service economy, where the employment index has fallen to its lowest level in years. Three consecutive months of job cuts, modest wage gains, and near-flat expectations reveal a defensive hiring posture: leaders trimming at the margins, freezing pay bands, and backfilling only the essentials for candidates, which translates to slower offers, tighter compensation, and a hiring process that feels stickier than the topline numbers suggest.Then he turns to tenure data from Indeed. Sixteen percent of new hires start applying elsewhere within three months, and the shortest stays cluster in frontline roles with lower pay, demanding hours, and limited advancement. Meanwhile, the longest tenures show up in credentialed, creative, or specialized work, where skills compound, relationships deepen, and career paths are clear. The message for employers is straightforward: reward depth, invest in training, fix scheduling pain points, and build visible mobility if you want people to stay.News Articles:1. The Long and Short of Job Tenure: https://www.hiringlab.org/2025/11/18/the-long-and-short-of-job-tenure/2. ADP's The NER Pulse: https://www.adpresearch.com/job-growth-is-sluggish-but-new-hires-are-on-the-upswing-how/3. NY Fed Business Leaders Survey: https://www.newyorkfed.org/survey/business_leaders/bls_overview#tabs-2💬 Do you feel like switching jobs is still worth it in this market? Don’t miss out! Subscribe for weekly updates on the latest job news. 🧠 WANT TO LEARN MORE? Be sure to subscribe and check out 4 Corner Resources at https://www.4cornerresources.com/👋 FOLLOW PETE NEWSOME ONLINE:LinkedIn: https://www.linkedin.com/in/petenewsome/Blog Articles: https://www.4cornerresources.com/blog