US Job Cuts Rise Sharply in January 📅 Published on: February 1, 2024 In January, U.S. job cuts surged to the highest level in 10 months, with a 136% increase from December. This spike was primarily seen in the financial and technology sectors due to restructuring efforts. Despite this monthly jump, the year-on-year figures show a 20% decrease in job cuts from January 2023. The financial industry, in particular, experienced a significant rise in layoffs, announcing 23,238 job cuts, more than double compared to the same period last year. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Fed’s Favorite Inflation Gauge Up 2.9% from a Year Ago READ MORE Markets underestimate risk of inflation re-accelerating, says PIMCO READ MORE Growing Credit Card Debt: A Warning Sign for Investors READ MORE Nasdaq and S&P 500 Continue to Climb, Celebrating Stellar February READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment
