OREANDA-NEWS  Large American companies decided to lay off 52 thousand people. The Financial Times (FT) reports on attempts to cool the labor market with mass layoffs, citing sources.

All major companies, from Amazon to UPS, are cutting jobs. As noted by a number of analysts, jobs continue to be cut in order to reverse the hiring boom caused by the pandemic. During the coronavirus restrictions, they increased their staff, and amid economic uncertainty and threats to the market from AI, firms are reducing staff.

In 2025, the head of the Federal Reserve System (FRS), which performs the functions of the Central Bank in the United States, Jerome Powell, allowed an early rate cut, calling inflation somewhat elevated and drawing attention to the fact that employment in the country is close to maximum. "Although the labor market appears to be in equilibrium, this is a highly unusual equilibrium resulting from a marked slowdown in both demand and supply of labor," he explained.

According to Powell, the stability of the unemployment rate and other labor market indicators allow the Federal Reserve to act cautiously, considering changes in the course of monetary policy.