https://finance.yahoo.com/news/goldman-sachs-calls-for-labor-market-slowdown-105325689.html
The US job market is rapidly cooling off: Goldman Sachs
Hatzius forecasts employment growth of 215,000 jobs per month for the next three months. That is that poised to cool to 160,000 jobs added a month for the ensuing six months.
The U.S. economy added 390,000 jobs in May, above economist estimates for 328,000 but a tick down from an upwardly revised paced of 436,000 in April. May represented the lowest monthly gain in jobs since April 2021.
Layoff announcements have risen notably in the tech sector, as companies have come under pressure amid heightened stock market volatility and rising interest rates.
More than 17,000 workers in the U.S. tech sector have been canned in mass job cuts year to date through June, according to data from Crunchbase.
🚨NEWS: We have a deal. Today a bipartisan group of 20 Senators (10 D and 10 R) is announcing a breakthrough agreement on gun violence - the first in 30 years - that will save lives.
I think you’ll be surprised at the scope of our framework.
1/ Here’s what it includes:— Chris Murphy (@ChrisMurphyCT) June 12, 2022