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.