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US job cuts soared in August, outplacement company says
U.S. companies announced nearly 86,000 jobs cuts in August, which amounted to a 39% increase from the previous month, CGC said. The figure indicated the largest number of job cuts in the month of ... Read More
US Hiring Intentions Pull Back While Job-Cut Announcements Rise
Hiring plans fell to the weakest level for any August on record and intended job cuts mounted amid broader economic uncertainty, according to outplacement firm Challenger, Gray & Christmas. Read More
US labor market softening as job openings hit 10-month low, hiring remains tepid
U.S. job openings fell to a 10-month low in July and there were more unemployed people than positions available for the first time since the COVID-19 pandemic, data consistent with easing labor market ... Read More
Investors look for more aggressive US rate cuts after weak jobs data
After a surprisingly weak U.S. payrolls report that underscored that the economy is slowing, investors see the need for accelerated monetary easing, including an increased chance of a jumbo interest ... Read More
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