Business/Markets/Stocks/Economics Random, Random

[Owendonovan]

Posted today by LinkedIn News

Last month was the worst January for job-cut announcements since the Great Recession, outplacement firm Challenger, Gray & Christmas said Thursday. U.S. companies announced 108,435 cuts — a nearly 120% increase year-over-year. Hiring intentions, meanwhile, fell 13% from the year before, hitting their lowest level since 2009. Almost half of the January reductions were linked to just three companies: Amazon, UPS and Dow. Jobless claims jumped in the last week of the month thanks to severe weather. December wasn't great, either: Job openings fell to a five-year low.

Source articles linked in the piece:
https://www.bloomberg.com/news/articles ... since-2009
https://www.linkedin.com/news/story/big ... e-6945012/
https://www.bloomberg.com/news/articles ... e-americas
https://www.bloomberg.com/news/articles ... e-americas

Yet, the government won't come close to reflecting this when they release their numbers.

[mmmm8]

With consumer spending up, you've got to think those job cuts are driven by automation.

Or more aggressive outsourcing.

True for Amazon but there's only so much these companies can outsource, particularly UPS

[ti-amie]

[ashkor87]

AI and Trump are a double whammy for most economies except China..you might say AI and Non I..

[mmmm8]

Is this because they think Epstein-Barr is about Bill Barr's presence in the Epstein files?

[ponchi101]

...

Is this because they think Epstein-Barr is about Bill Barr's presence in the Epstein files?

And with that, this forum can close to an epic end!!!!