Oil Shock Threatens 10,000 Jobs Monthly, Goldman Sachs Warns

• Goldman Sachs warns that rising oil prices could put up to 10,000 US jobs at risk every month.
• The impact is expected to manifest through reduced hiring and some job cuts, rather than sudden mass layoffs.
• Consumer-driven sectors like leisure, hospitality, retail, manufacturing, education, and healthcare are most vulnerable.
• The bank projects the unemployment rate to climb to 4.6% by Q3 2026, with a 0.2 percentage point increase linked to oil prices.
• Recent data shows unemployment already at 4.4% in February, with a significant slowdown in job additions compared to last year.