US February Challenger layoffs 172.02k vs 49.79k prior

• Prior 49.79k

That’s a big surge in US job cuts in February, with it being 245% higher than the same month last year. The 172, 017 layoffs announced last month is the highest since July 2020. But as always, the devil is in the details. Federal government layoffs accounted for most of the figure, with 62,242 job cuts announced by 17 different agencies. DOGE is at work here and over 63,000 of the total layoffs for the month are related to the initiative – be it federal workers and/or contractors.

This article was written by Justin Low at www.forexlive.com.