Recent layoffs are changing the landscape of the U.S. labor market
Nov. 3
The current landscape of the U.S. labor market is shifting as Amazon announced it is laying off 14,000 employees. Moreover, UPS, Paramount, and Nestle are all planning layoffs as well. Lastly, Target has announced it will not hire seasonal workers, and it too will lay off workers. So, what is fueling this massive layoff?
Some of it is the switching jobs to be done by AI vs humans, but a lot of it is no-hire-no-fire plans, as well as tariffs eating into company revenue. The long-term unemployed numbers are the highest in three years. What does the job market look like in Arizona, and what does this mean for people looking for jobs?
Sean Ewen, Research Economist at Arizona State University’s L. William Seidman Research Institute, joined “Arizona Horizon” to explain the current landscape of the U.S. labor market.
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