Economist: U.S. Job Layoffs Far Higher Than Labor Department Reported

The U.S. Labor Department’s job openings report may have overlooked a recent upturn in layoffs, according to new research from Goldman Sachs.
Goldman economist Manuel Abecasis stated in a report that available job openings in the United States have declined by a large margin without a boost to the official unemployment rate.
Abecasis says that data from advance layoff notices, which is not reflected in the Labor Department’s layoff rate numbers, suggests more people have lost t …