Sept. Planned Job Additions Weakest Since 2011
NegativeFinancial Markets

In September, US employers significantly reduced their hiring plans, announcing only 117,313 new jobs, a staggering 71% drop from the previous year. This marks the weakest September for hiring intentions since 2011, indicating a concerning trend in the labor market. The report from Challenger, Gray & Christmas highlights a slowdown in seasonal hiring, suggesting that companies are cautious about expanding their workforce amid economic uncertainties. This shift could have broader implications for the economy, affecting consumer spending and overall growth.
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