Construction, leisure and hospitality and healthcare cuts drove March layoff increase as job openings hit lowest level since April 2021
As interest rates rise and companies tighten their belts, white-collar workers have taken the brunt of layoffs and job cuts, breaking with the usual pattern leading into a downturn. WSJ explains why many professionals are getting the pink slip first. Illustration: Adele MorganU.S. job openings dropped to their lowest level in nearly two years in March and layoffs rose sharply, in signs that demand for workers is cooling a year after theLayoffs rose to a seasonally adjusted 1.
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