The cracks in the US labor market are becoming more and more evident.The rate of permanent job losses is currently escalating at its swiftest pace since the major economic downturns of the past 30 years, marking the sixth consecutive month of such increases.It’s worth noting that the current strength of the labor market has been camouflaged by the sustained demand for lower-skilled job positions.Layoffs in higher-paying professions are occurring more frequently, and consumers are feeling the strain of the significantly elevated cost of living.
