Eyes are on the US jobs market as the Fed tries to keep unemployment from rising above 4.4%. Some highlights of the Challenger report:September job cuts up 53% y/y, but down slightly from AugustLayoffs 69% above pre-COVID average in September, improving from 81% in AugustRegional shifts: West cools, East surges in job cutsTech sector leads layoffs; AI cited for 5,600 cuts in SeptemberHiring plans at lowest level since 2011, seasonal hiring down significantlyNet hiring pace remains negative, suggesting continued soft labor market“We’re at an inflection point now, where the labor market could stall or tighten. It will take a few months for the drop in interest rates to impact employer costs,
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