Employers cut 35,000 temporary jobs last month. Economists say it may be a preview of what’s to come: ‘For me, it’s a real warning sign’


Employers cut 35,000 temporary workers last month, marking the largest monthly drop since early 2021, according to data from the St. Louis Federal Reserve. The reductions bring the total number of cuts from August to December to more than 110,000, leading many economists to fear that the labor market is taking a turn for the worse.
“For me, it’s a real warning sign,” James…

This story appeared on yahoo.com, 2023-01-24.
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