Labor Market Red Flags: June Layoffs Revised Up by 19,000 While Hires Sink by 16,000
June JOLTS data reveals US labor market red flags as layoffs are revised up by 19,000 and hires sink by 16,000 amid massive vacancy drops.
Companies are laying off more workers and hiring fewer people than we thought, which means the job market is getting weaker. When fewer people are getting hired and more are losing jobs, it can make investors nervous about whether companies will stay strong.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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