From Yahoo Finance: 2024-04-10 20:16:00

The US job market is showing strength, adding 303,000 jobs and maintaining a 3.9% unemployment rate. However, forecasts warn of possible recession indicators. Unemployment trends resemble past recession patterns, layoffs are rising, full-time jobs are dwindling, and businesses are hesitant to hire. Layoff rates are near historic lows, but job-cut announcements jumped 120% in the first quarter. The number of full-time workers dropped by 1% in March. With small business optimism at its lowest since 2012, hiring intentions are weak. Forecasters caution that a recession could be on the horizon if hiring continues to slow.



Read more at Yahoo Finance: The job market looks rock-solid, but there are 4 signs it’s weakening as labor trends mirror past recessions