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Major employers slamming the brakes on job creation

The article from MSN discusses a significant slowdown in job creation among major U.S. employers. Despite earlier expectations of a robust job market, recent data indicates that companies are now more cautious due to economic uncertainties, including fears of a recession, high inflation rates, and rising interest rates. This shift is evidenced by reduced hiring announcements and even layoffs in sectors like technology and finance. For instance, companies like Meta, Amazon, and Goldman Sachs have announced significant job cuts. The article also highlights that while some sectors like healthcare and government continue to hire, the overall pace of job growth has notably decreased. This cautious approach by employers is also reflected in the U.S. Labor Department's data, which shows a cooling labor market with fewer job openings and a slight increase in unemployment claims.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/economy/major-employers-slamming-the-brakes-on-job-creation/ar-BB1rkOyJ ]