US layoffs to cross 1 million in 2025? 9,50,000 jobs cut so far this year; US government shutdown may add to losses
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The US economy faces over 1 million job losses in 2025, with 95,00,00 already by September, signaling a significant labour market slowdown. While substantial, these figures are below 2020 levels. The Federal Reserve has reduced interest rates by 0.25% and plans further cuts, aiming to stabilise the market amidst stagnation, rising costs, and technological changes, potentially boosting hiring prospects. What's Your Reaction?
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