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A multitude of organizations — from David’s Bridal (9000 positions) to McDonald’s (less than 1,000) to Amazon (27,000) — have been laying people off this year. As such, it’s not surprising that hiring is slowing, as well.
Meanwhile, non-farm payroll increased by 236,000 in March, which may seem like a lot, but there were 472,000 and 326,000 new jobs in January and February, respectively. Point is, hiring fluctuates and is right back in line with how it looked in March 2019, when roughly 228,000 new jobs were added.
So whereas there were huge hiring spikes as pandemic freezes lifted and people began getting back to work, things are now leveling off.
