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SaltWire's Atlantic regional weather forecast for October 5, 2023 | SaltWireNEW YORK - U.S. employers dialed back their planned job cuts in September, especially in the warehousing sector, but workforce reduction intentions were higher on a year-to-date basis amid continued cuts in the technology and retail industries, according to a report released on Thursday.
The announced layoffs were the largest since 2020, the first year of the coronavirus pandemic, on a year-to-date basis, the report said. Employers most frequently cited market uncertainty as a reason for the layoffs last month, followed by the closure of businesses, units or stores. U.S. employers have faced difficulties drawing workers back after nearly 22 million people were thrown out of work in the early days of the COVID-19 pandemic. As businesses reopened, they were hit by the"Great Resignation," in which millions of workers quit their jobs in search of higher compensation and an improved work-life balance.
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