US Job Losses Reach Highest Level Since 2020 Amid Economic Slowdown
TL;DR Summary
Layoffs across the U.S. have reached their highest level since 2020, with nearly 950,000 job cuts through September, driven by a stagnating labor market and reduced hiring plans, although the total remains below the 2020 pandemic peak. The potential government shutdown could lead to more layoffs, and the Federal Reserve is monitoring these trends as it considers further rate cuts to support employment.
- Layoffs across the U.S. this year are at their highest level since 2020, new data shows CBS News
- U.S. Lost 32,000 Jobs in September, Says Payroll Processor The Wall Street Journal
- Traders scour private data to gauge US jobs slowdown amid BLS turmoil Financial Times
- Report shows hiring at lowest since 2009 as economists turn to alternative data during shutdown blackout CNBC
- The US economy lost 32,000 private-sector jobs in September CNN
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