The US economy faces over 1 million job losses in 2025, with 95,00,00 already by September, signaling a significant labour market slowdown. While substantial, these figures are below 2020 levels. The Federal Reserve has reduced interest rates by 0.25% and plans further cuts, aiming to stabilise the market amidst stagnation, rising costs, and technological changes, potentially boosting hiring prospects.
US layoffs to cross 1m? 950K jobs cut so far this year; shutdown may add to losses
