Employment through staffing firms has fallen for five straight months; similar pullbacks have preceded recent recessions
As interest rates rise and companies tighten their belts, white-collar workers have taken the brunt of layoffs and job cuts, breaking with the usual pattern leading into a downturn. WSJ explains why many professionals are getting the pink slip first. Illustration: Adele Morgan. In the last five months of 2022, employers cut 110,800 temp workers, including 35,000 in December, the largest monthly drop since early 2021. Many economists view the sector as an early indicator of future labor-market shifts.
But what about all the tech layoffs, now temp layoffs? Blah, blah, blah...
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Construction worker deaths reach 5-year high as lawmakers seek to hold companies responsibleTwenty-two construction workers were killed in New York City while on the job last year, according to newly released federal data, the highest in at least five years. I don't think they should allow non union labor in construction
Source: Gothamist - 🏆 456. / 53 Read more »