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Exterior of the Federal Reserve building with empty office chairs representing tech layoffs
Business & Economy · Sep 24, 2026

Fed’s September hike deepens split in U.S. labor picture as tech layoffs keep rolling

The Federal Reserve’s Sept. 16 rate increase to a 3.75–4.00% target range underscored a shift toward tighter policy even as the August jobs report showed overall hiring. The catch: information-sector employment fell and technology-sector restructuring has continued, leaving an uneven outlook across U.S. labor markets and corporate balance sheets.