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The Economic Times

Top News / The Economic Times

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Job loss warning: Goldman Sachs sees 10,000 layoffs monthly as oil prices surge

Goldman Sachs forecasts a significant impact on the US job market. Higher oil prices are expected to lead to job losses of around 10,000 positions monthly through year-end. This economic ripple effect will also see the unemployment rate climb. Sectors like leisure and hospitality, retail, and manufacturing are anticipated to face the brunt of these job cuts.

27 Mar 2026 1:01 am