Reported about 13 hours ago
U.S. employers announced the lowest hiring plans in nine years during 2024, with 769,953 announcements, reflecting a 1.3% decline from 2023. The employment landscape saw a significant slowdown, highlighted by a rise in the unemployment rate from 3.7% to 4.3% mid-year. The technology sector led in job cuts, and overall planned layoffs reached the highest level since 2020, underscoring economic uncertainty and cautious hiring practices among employers.
Source: YAHOO