According to online reports, Atlanta Federal Reserve data showed that the salary growth rate of those who stayed behind in the United States exceeded that of job seekers for the sixth consecutive month in July, setting a record for the longest since the end of the recession in 2008. Based on a three-month average, the annual salary growth rate of those who stayed behind in July was 4.1%, which was higher than the 4% salary increase of job seekers. Employees typically get higher salary growth by changing jobs, so this abnormal reversal highlights the slowdown in labor demand in recent months. Stanley, chief economist at Santander's U.S. Capital Markets, said: "Companies are currently in a wait-and-see state, suspending potential recruitment plans to wait for the policy outlook to become clear-especially tariff policy. This caution may explain why job-hopping workers 'wages have not increased as much as those who stayed behind, but it is very different from the economic landscape at the end of the 2007-2009 financial crisis."