US Labor Market Slows as Employers Halt Hiring

The US labor market experienced a significant slowdown, with a spring surge fading as businesses became hesitant to hire amidst rising prices and economic uncertainty, though layoffs were largely avoided.

7 Aug, 17:29 — 7 Aug, 17:29

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NYTMostly Factual25d ago

Labor Market Shifts Into Reverse as Employers Balk at Hiring

A spring surge rapidly faded as the summer brought higher prices and more uncertainty for businesses, even as they avoided layoffs.

By Lydia DePillis

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US Labor Market Slows as Employers Halt Hiring

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Labor Market Shifts Into Reverse as Employers Balk at Hiring

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