US Job Cuts Rise Sharply in January 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 Economists Question the Recession-Predicting Power of theInverted Yield Curve READ MORE Javier Milei's Budget Miracle: Libertarian Principles in Action! READ MORE Beware of Synthetic Gold! READ MORE Retirement Dreams Fade for Young Americans Amid Economic Challenges READ MORE China's Economic Woes Lead to Record Gold Buying Spree READ MORE Add a Comment Cancel replyYour email address will not be published.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
