Layoffs, Hiring Freezes Becoming More Common in US Labor Market

Layoffs, Hiring Freezes Becoming More Common in US Labor Market
People line up outside a Kentucky Career Center hoping to find assistance with their unemployment claim in Frankfort, Ky. on June 18, 2020. Bryan Woolston/Reuters
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Despite a better-than-expected June jobs report, the red-hot labor market could still be showing signs of cooling down as many large and small companies trim their payrolls.

A growing number of major businesses have announced intentions to lay off employees or install a hiring freeze amid broader economic concerns and recent trends.

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Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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