The September jobs report is set to be released on Friday, drawing attention to the current state of the U.S. labor market. Challenger, Gray & Christmas, Inc. Senior Vice President Andy Challenger joins Wealth! to share his insights on hiring and layoff trends.

Challenger observes that job cuts in 2024 are roughly on par with the same period last year. He characterizes the current situation as “a little more gentle” compared to previous expectations, suggesting a more moderate pace of workforce adjustments. Notably, Challenger points out that hiring levels have remained relatively stable.

“Right now we’re not seeing really dramatic stories in either direction,” Challenger told Yahoo Finance. “For us, most of this data is showing us at least right now a relatively calm period,” he states.

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This post was written by Angel Smith