Job Layoffs Surge 35% to Highest Level to Start a Year in a Decade
The worst first quarter since 2009, according to Challenger, Gray & Christmas.
Job layoffs hit 190,410 in the first quarter, a 35.6 percent increase over the previous year and the worst first quarter since 2009, according to Challenger, Gray & Christmas.
The report comes a day before the government’s nonfarm payrolls count, which is expected to show growth of 175,000.
Layoffs hit their highest level for a first quarter in 10 years as 2019′s job market got off to a shaky start, according to a report Thursday from outplacement firm Challenger, Gary & Christmas.
Total announced cuts hit 190,410, a 10.3 percent increase from the fourth quarter and 35.6 percent jump from the same period a year ago. The level was worst period overall since the third quarter of 2015 and the highest level for a first quarter since 2009 as the economy was still mired in the financial crisis.
http://www.investmentwatchblog.com/why-is-jpm-hedging-against-a-downturn-in-the-economy-is-rate-cut-qe-4-statements-from-trump-admin-panic/
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