In a surprising turn, US employers have reduced their hiring plans, with federal government layoffs reaching the highest levels in over four years. The latest labor data reveals a concerning drop in job openings, signaling potential economic turbulence ahead.
February witnessed a staggering spike in layoffs, with over 172,000 jobs cut, marking the highest total since 2009. As federal spending is slashed, economic uncertainty looms, raising concerns about a potential recession.
