The job market isn’t collapsing just yet, even though companies such as Amazon.com and United Parcel Service have made headlines with major layoffs, the labor data still available show. This week, UPS said it cut 48,000 employees and Amazon announced 14,000 layoffs, worsening concern that the labor market could start to deteriorate because momentum in hiring has stalled. There is no question that the labor market is in a vulnerable spot.
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Big Layoffs Look Scary. Why The Job Market Is Still Holding Up.
Published 1 week ago
Oct 29, 2025 at 6:45 AM
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