Jobless Claims Rise As Layoffs Soar At Fastest Pace (UP 410% MoM) Since Lehman Collapse (UP 427% On YoY Basis) – Investment Watch

by means of confoundedinterest17

I’m looking forward to day after today’s employment document to look if the Biden Management performs it immediately or give any other padded document like first part 2022. However within the interim, consistent with Challenger Grey & Christmas, U.S.-based employers introduced 77,770 activity cuts in February. It’s 410% upper than the 15,245 cuts introduced in the similar month remaining yr.

February’s overall is the very best for the month since 2009…

Up to now this yr, employers introduced plans to chop 180,713 jobs, up 427% from the 34,309 cuts introduced within the first two months of 2022. It’s the very best January-February overall since 2009

Whilst most of the activity cuts is coming within the tech sector,

we’re seeing extra industries reporting a upward thrust in unemployment claims.

After which we’ve overall antisocial shopper loans at 24.8 million. Best possible since 2009.

I ponder whether the solution to day after today’s employment document lies in one of the vital 9 bins of Biden’s paperwork taken from a Boston workplace?


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