Market Watch: Mass Layoffs Are on the Rise in the U.S., at Least According to This Often-overlooked Data Series
Article by Joseph Adinolfi in Market Watch
Investors have been on the lookout for a weakening labor market since the Federal Reserve embarked back in March 2022 on its most aggressive campaign of interest rate hikes since the 1980s.
Now, one prominent economist is seeing signs that mass layoffs have finally begun, which could soon be reflected in key economic data series that are closely monitored by the market.
Data collected in accordance with the Worker Adjustment and Retraining Notification Act — better known as the WARN Act — has shown an increase in companies giving advance notice to employees about pending .......