Layoffs surged 136% in January to second-highest
level on record
Fox Business,
by
Megan Henny
Original Article
Posted By: Moritz55,
2/1/2024 8:40:58 PM
The pace of job cuts by U.S. employers accelerated at the start of 2024, a sign the labor market is starting to deteriorate in the face of ongoing inflation and high interest rates. That is according to a new report published by Challenger, Gray & Christmas, which found that companies planned 82,307 job cuts in January, a substantial 136% increase from the previous month. However, that is down about 20% from the same time one year ago. It marked the second-highest layoff total for the month of January in data going back to 2009.
"Waves of layoff announcements hit U.S.-based companies in January
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Reply 1 - Posted by:
Nashman 2/1/2024 8:46:47 PM (No. 1649096)
But…. But… But…. But…. Isn’t this the greatest economy in history?
37 people like this.
Reply 2 - Posted by:
Jiobaobubai 2/1/2024 9:03:51 PM (No. 1649104)
I know, I was one of them after 25 years. No one is going to hire at late-50s white guy with experience and education.
I cannot be controlled.
46 people like this.
Reply 3 - Posted by:
Lawsy0 2/1/2024 9:14:01 PM (No. 1649116)
I blame Joe Biden personally for the loss of my usual income streams from stocks and investments during retirement. My broker is doing all he can and stays in touch, but the devil in the details is named Joe Biden. His funds look to be okay and funds for each of his family members. How nice!
40 people like this.
Reply 4 - Posted by:
Heraclitus 2/1/2024 9:50:02 PM (No. 1649138)
Right. Note the article posted just above this one: Tiede might be turning with one poll showing Biden ahead.
The "fundamental transformation" is under way, or, it is accelerating, hastened by the illegal alien invasion, with enough military aged amoral, mercenary army fit for the new regime, a force "big enough and as well armed" (or words to that effect, per Obambam) as the American military.
Just heard a clip from a J Kerry that even if we want to stop the WEF on climate, we cannot stop it, their plans are too deeply embedded.
So, it is the dream of every fascistic dictator, and they didn't have to fire a shot, increasingly unruly mobs of violent, vengeful people are doing the job... or, trying to.
22 people like this.
Reply 5 - Posted by:
Trigger2 2/2/2024 12:41:38 AM (No. 1649185)
Joey must be so proud. How's that toxic Bidenomics working out for you Joey?
18 people like this.
Reply 6 - Posted by:
EJKrausJr 2/2/2024 2:31:09 AM (No. 1649208)
Oh my. Can we hear a recession a comin' down the tracks?
17 people like this.
Reply 7 - Posted by:
mifla 2/2/2024 5:00:40 AM (No. 1649220)
Under Trump, I was making money faster than I could spend it.
Now, not so much. I hope I don't have to go job hunting like the 80 year olds bagging my groceries.
29 people like this.
Reply 8 - Posted by:
Strike3 2/2/2024 6:10:15 AM (No. 1649238)
One bright spot is that Stacey Abrams had to lay off 20 members of her herd because they managed to burn through $100 million dollars and are now in debt.
29 people like this.
Reply 9 - Posted by:
Lazyman 2/2/2024 7:46:23 AM (No. 1649282)
Have faith in the trillion dollar deficit bill called Inflation Reduction. Kind of like leaning into a right hook to win the fight.
13 people like this.
Reply 10 - Posted by:
mifla 2/2/2024 9:16:19 AM (No. 1649325)
The people who support Biden don't care about job reports, unemployment, or inflation.
They just want their monthly checks on time.
17 people like this.
Reply 11 - Posted by:
NorthernDog 2/2/2024 9:28:19 AM (No. 1649332)
I've been thinking about taking pictures of all the closed stores at a nearby shopping center - because it's hard to convince people how bad it has gotten. After January 2024, only 40% of the storefronts are operating.
17 people like this.
Reply 12 - Posted by:
LC Chihuahua 2/2/2024 10:33:13 AM (No. 1649357)
The powers controlling the United States want to transform it into a wasteland with themselves as royalty. Only royalty can enjoy prosperity. Everyone else must beg for their survival.
10 people like this.
Reply 13 - Posted by:
kono 2/2/2024 11:03:05 AM (No. 1649375)
And yet we get this as top headline in Omaha Weird Harold:
"US employers added a surprisingly robust 353,000 jobs in January in further sign of economic strength"
with a long article on positive economic strength. Not blasted from AP, CNN, nor any identified syndicate. Which one is lying? I used to trust Fox reporting orders of magnitude more than the mainstream tripe. Ever since they tried to become part of the mainstream, though, I'm nearly as skeptical of them.
Tired of all the gaslighting in our "news" reports.
10 people like this.
Reply 14 - Posted by:
Zigrid 2/2/2024 11:29:39 AM (No. 1649402)
I don't believe this...how could it happen while WE're having a great biteme economy...or so biden says....do the rats really think WE're buying this story?
8 people like this.
Reply 15 - Posted by:
3XALADY 2/2/2024 11:55:30 AM (No. 1649439)
#10 BINGO!!! And they are his 38% approval factor.
7 people like this.
Reply 16 - Posted by:
zoidberg 2/2/2024 2:17:25 PM (No. 1649532)
And Biden is running on the economy.
4 people like this.
Reply 17 - Posted by:
skacmar 2/2/2024 2:44:05 PM (No. 1649537)
So which is it? Biden created thousands of new jobs or there were thousands of layoffs? They cancel each other out. Of course Biden will explain this away as HE created the jobs with his Biden economy magic; but the layoffs were due to evil corporations and their greed, not wanting the poor and middle class to succeed, only the rich! He will take no responsibility for any negative reports but will assume full responsibility for anything that will reflect on Bidenomics in a positive way.
4 people like this.
Reply 18 - Posted by:
JackBurton 2/2/2024 2:55:45 PM (No. 1649539)
Not to throw a lot of cold water on this news... but maybe just enough. The last paragraph says the forecast for jobs for the month was 180k. Here's the report: As Yahoo Finance's Josh Schafer reports, Friday's highlight was the jobs report, which blew past Wall Street expectations as the economy added 353,000 jobs in January. The unemployment rate was unchanged at 3.7%.
I don't know why the economy is showing such strength... it might have to do with all the things Trump did. Trump encouraged oil production and, with improved tech, fracking is better than ever even with all the restrictions Biden has thrown at it. Trump also got massive profits re-patriated wiith his new tax policy on the same. But, it might also be all the extra money that's being thrown around, freshly printed. On the one side, good for Fox to report it. On the other, check things out. Here's the jobs link: https://finance.yahoo.com/news/stock-market-today-stocks-mostly-rise-after-jobs-report-whopper-tech-earnings-143400377.html
3 people like this.
Reply 19 - Posted by:
Dodge Boy 2/2/2024 5:14:12 PM (No. 1649586)
Funny how the fed's jobs report that came out this morning tells an entirely opposite story. 530,000 new jobs created in January alone? Bureau of Labor Statistics, you really had to cook the books this time around, no?
2 people like this.
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