'Alarming' Labor Market Trends to Watch as Hiring Stalls | Andy Challenger

Andy Challenger, SVP at Challenger, Gray, & Christmas, speaks with Kyla Scanlon about the recent surge in job cuts and slowdown in hiring plans, indicating a deteriorating labor market. A new report from Challenger found that U.S.-based employers announced 75,891 cuts in August, a 193% increase from the 25,885 cuts announced one month prior. Challenger explains why recent hiring and job cut trends have his firm worried that the Federal Reserve may have "over-corrected" in the post-Covid period.

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