Hiring in U.S. has surged since the start of last year, but economic risks threaten to cool the gainsThe U.S. labor market has been on a tear since the economy bounced back from the pandemic, with employers adding 5.6 million jobs since the start of 2022 alone. Despite ain technology and finance, many employers have kept hiring through the highest inflation in 40 years and the fastest pace of interest-rate increases since the 1980s.
Recent banking-industry turmoil added another economic risk and raises the question: Is the long-resilient labor market about to slip?
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Of course. Layoffs are happening everywhere