#us-employment

#us-employment

The calculation incorporates the bank's job-growth tracker, which slowed to 50,000 new jobs in October from 85,000 in September, and the government's deferred-resignation program, which will likely cut payrolls by about 100,000 positions. Our job openings and labor market tightness trackers continued to decline, and our newly constructed layoff tracker also revealed an increase in layoffs over the past few months, the bank added, marking the largest employment decline since late 2020.

In the past two years, with the exception of New York City, the share of white-collar job postings across the country shrank in many major cities.