http://twitchy.com/amy-curtis/2024/09/16/august-job-cuts-193-percent-higher-than-july-n2401035
This news kind of slipped past our radar, but it does not bode well for the Kamala Harris campaign:
unusual_whales (@unusual_whales) ~ BREAKING: Announced job cuts totaled 75,891 in August, 193% higher than July, per CNBC.
Though the total was just 1% higher than the same month in 2023, it was the highest number for August going back to 2009, during the global financial crisis.
In other words, layoffs are up and hiring is at historic lows.
But, BEST ECONOMY EVER, JACK!
Here's more from CNBC:
Layoffs soared in August, hitting their highest total for the month in 15 years, while year-to-date hiring reached a historic low, outplacement firm Challenger, Gray & Christmas reported Thursday.
Announced job cuts totaled 75,891 for the month, lurching 193% higher than July. Though the total was just 1% higher than the same month in 2023, it was the highest number for August going back to 2009, as the economy was still escaping the worst of the global financial crisis.
On the hiring front, companies said they were adding just 6,101 new workers, up by nearly 2,500 since July, but down more than 21% from August 2023. The year-to-date hiring announcements of nearly 80,000 is the lowest total in history going back to 2005.
Ageless Investing (@AgelessInvesti1) ~ Half the country will be in denial about a recession until after the election.
If by 'half the country' you mean Democrats and the media, yes.
The rest of us suffer no such delusions.
The essential American soul is hard, isolate, stoic, and a killer. It has never yet melted. ~ D.H. Lawrence
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