Yonhap Infomax NewsGoldman Sachs warns that surging oil prices could eliminate 10,000 U.S. jobs monthly through year-end, with unemployment projected to reach 4.6% by Q3 as consumer-facing industries face the brunt of reduced spending, particularly in leisure and hospitality sectors expected to lose 5,000 positions monthly.
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Goldman Sachs Warns Oil Price Shock Could Cost US 10,000 Jobs Monthly
Goldman Sachs warns that surging oil prices could eliminate 10,000 U.S. jobs monthly through year-end, with unemployment projected to reach 4.6% by Q3 as consumer-facing industries face the brunt of reduced spending, particularly in leisure and hospitality sectors expected to lose 5,000 positions monthly.