đ¶ BREAKING: U.S. Layoffs Spike in September đ¶
The labor market is showing signs of strain as new data reveals a significant rise in layoffs:
đ» 1.83 Million Layoffs in September â An increase of 160,000 layoffs, marking the second-highest in 4 years.
đ 42% Surge in Monthly Layoffs â Over the past three years, monthly layoffs have risen by 540,000.
đ Layoff Rate Hits 1.2% â This is the highest rate since December 2020, signaling potential challenges ahead.
đŒ Private Sector Layoffs Reach 1.78 Million â A 4-year high, emphasizing further weakness in private sector employment.
đš Labor Market in Focus â These trends are critical indicators to watch as economic pressures build.