US Labor Market Slows to 2009 Levels Amid Rising Layoffs and Reduced Hiring
TL;DR Summary
Amid a government shutdown, U.S. labor market data shows minimal changes in unemployment and layoffs, but a significant decline in new hiring since 2009, with layoffs decreasing but furloughs increasing, indicating a cautious economic outlook.
- Report shows hiring at lowest since 2009 as economists turn to alternative data during shutdown blackout CNBC
- US hiring plans sink to lowest since 2009 in September as labor market slowdown continues Yahoo Finance
- September Job Cuts Fall 37% From August; YTD Total Highest Since 2020, Lowest YTD Hiring Since 2009 Challenger, Gray & Christmas, Inc.
- Layoffs across the U.S. this year are at their highest level since 2020, new data shows CBS News
- US Hiring Plans, Job-Cut Announcements Drop in Challenger Report Bloomberg.com
Reading Insights
Total Reads
0
Unique Readers
2
Time Saved
2 min
vs 2 min read
Condensed
91%
379 → 35 words
Want the full story? Read the original article
Read on CNBC