[Here’s a copy of the article in full](https://archive.is/yhp5Z), in case you cannot access the FT site.
Some excerpts:
>US employers cut more jobs in January than any start to a year since 2009 as several fresh reports suggested the labour market was in a worse state than Federal Reserve policymakers had thought.
>Job cuts last month jumped to 108,435, employment services company Challenger, Gray & Christmas said on Thursday, more than any January since the global financial crisis.
>Separate data released by the Bureau of Labor Statistics showed US job openings fell to their lowest level in more than five years in December. Another report indicated the number of people filing for unemployment insurance jumped at the end of January.
>Thursday’s volley of negative figures suggests the US labour market is less healthy than economists had thought, a week after Fed chair Jay Powell said it was showing “evidence of stabilisation”.
>Still, despite all the gloomy data, the unemployment rate remains low by historic standards at 4.4 per cent in December. Hiring has also continued, although the pace has been sluggish in recent months.
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[Here’s a copy of the article in full](https://archive.is/yhp5Z), in case you cannot access the FT site.
Some excerpts:
>US employers cut more jobs in January than any start to a year since 2009 as several fresh reports suggested the labour market was in a worse state than Federal Reserve policymakers had thought.
>Job cuts last month jumped to 108,435, employment services company Challenger, Gray & Christmas said on Thursday, more than any January since the global financial crisis.
>Separate data released by the Bureau of Labor Statistics showed US job openings fell to their lowest level in more than five years in December. Another report indicated the number of people filing for unemployment insurance jumped at the end of January.
>Thursday’s volley of negative figures suggests the US labour market is less healthy than economists had thought, a week after Fed chair Jay Powell said it was showing “evidence of stabilisation”.
>Still, despite all the gloomy data, the unemployment rate remains low by historic standards at 4.4 per cent in December. Hiring has also continued, although the pace has been sluggish in recent months.