Ziprecruiter CEO: Labor Market Is Rebalancing

Ziprecruiter (ZIP) stock price today was down over 22% after their earnings report was released. "The market response is likely due to the holiday season and January budgets are refreshed. In 13 years, I have not seen the trend continue into January. We had to get conservative in how the year would perform. The Federal Reserve has been trying to slow the rate of hiring and wage growth. The labor market is rebalancing right now," says CEO Ian Siegel.

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23 Feb 2023

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