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.

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