Goldman Sachs flags 'growing signs of weakness' in the US jobs market as layoffs mount
Goldman Sachs researchers are warning that the US labor market may be starting to soften as private-sector data show a growing wave of layoffs across several industries, the Wall Street bank said in a new report. The firm said state filings related to planned mass layoffs have surged to their highest level since 2016, excluding the pandemic spike — the sharpest increase Goldman has tracked in nearly a decade.Layoff announcements compiled by Challenger, Gray & Christmas, a firm that tracks corporate job cut ...