"Hardly any corner of the economy is untouched by jobs cuts and slowdown: Employment in all goods-producing industries slumped in August, with the deepest losses coming from manufacturing and mining."
"The service sector was racked by steep layoffs in business and professional services and IT."
"My general feeling is that data folks have seen better days, which seems to be part of a broader trend."
Job numbers, listings, and unemployment have trended unfavorably for many over the past year, with notable weakness across multiple sectors. Employment in all goods-producing industries slumped in August, with the deepest losses occurring in manufacturing and mining. The service sector experienced steep layoffs, especially in business and professional services and information technology. These cuts and slowdowns have affected nearly every corner of the economy. Workers focused on data roles appear particularly impacted, reflecting a broader pattern of job contractions and hiring freezes. There is cautious hope for an eventual reversal if demand and hiring conditions improve.
Read at FlowingData
Unable to calculate read time
Collection
[
|
...
]