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U.S. private sector lost 32,000 jobs in September, driven by cuts in science and biotech, amid rising recession fears and hiring freeze.
The U.S. private sector lost 32,000 jobs in September compared to last year, according to the ADP report, with sharp declines in scientific research and biotech, where 24,000 jobs are projected to be cut.
Job seekers, including recent grads and experienced professionals, report extreme difficulty finding work, and recruiters say hiring demand has plummeted.
Economic uncertainty, linked to shifting trade policies and political instability, is discouraging investment and hiring.
Moody’s analysis shows 21 states and D.C. are already in recession, with 13 more on the brink, raising concerns of a broader economic downturn.
The official September unemployment rate remains delayed due to the federal government shutdown.
El sector privado estadounidense perdió 32.000 puestos de trabajo en septiembre, impulsado por recortes en ciencia y biotecnología, en medio de crecientes temores de recesión y congelación de contrataciones.