US announced job cuts surge 245% in February on federal government layoffs
Layoffs announced by U.S.-employers jumped to levels not seen since the last two recessions amid mass federal government job cuts, canceled contracts and fears of trade wars, offering the clearest sign yet of the toll taken on the labor market by the policies of President Donald Trump's administration.
February Jobs Tally Supports Case for More Rate Cuts
Also potentially affecting today’s numbers are the efforts by the Trump administration to freeze funding of various kinds and step up scrutiny of federal payments to contractors, something Trump and Musk say is aimed at cutting fraud, waste and abuse and will help shrink the budget deficit.
Outplacement firm Challenger, Gray & Christmas reported 172,017 job cuts in February, the highest monthly total since the ...
Jennifer Piggott proudly hung a red-and-blue Trump campaign flag outside her one-story home during the November election race ...
Job cuts spiked in February, marking their highest point since July 2020, due to firings of government workers directed by ...
The number of publicly announced layoffs in the U.S. jumped in February to the highest level since the pandemic 4 1/2 years ...
Collectively, the 221,812 layoffs announced so far this year are the highest since 2009, according to a key report published ...
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Federal agencies cut jobs in February. The jobs report likely won't show the extent of this until the jobs report that will ...
U.S. job growth picked up in February and the unemployment rate edged up to 4.1%, but growing uncertainty over trade policy ...
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