Goldman Sachs forecasts rising oil prices will impact the US labor market. The bank expects a reduction of 10,000 jobs per month through 2026. This could push the unemployment rate to 4.6% by the third quarter of 2026. Slower hiring, rather than increased layoffs, will be the main driver. Consumer-facing industries, like leisure and hospitality, are most vulnerable.
https://www.storyboard18.com/amp/how-it-works/goldman-sachs-sees-10000-monthly-hit-to-us-job-growth-layoffs-to-edge-up-as-oil-prices-rise-93419.htm