22-Year High Job Cuts! Government Shutdown HIDES the Real Economic Crash!
Did you know October saw the highest job cuts in 22 years, yet a government shutdown is leaving us in the dark about the true state of the U.S. labor market? With the official jobs report on hold, alternative data sources reveal a concerning trend of slowing hiring and escalating layoffs, which hits small businesses particularly hard. Economists had projected a significant decline of 60,000 jobs, a sentiment echoed by firms like ADP reporting anemic hiring and Challenger, Gray & Christmas noting record job cuts. Furthermore, while some large companies still add workers, lower-income earners are seeing minimal wage increases, underscoring a growing economic disparity. Stay informed on these critical economic shifts; subscribe to our channel for ongoing insights and analysis.
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