Layoffs surged in February to highest level since 2009

https://www.foxbusiness.com/economy/layoffs-surged-february-highest-level-since-2009

HYPERLINK has full article

snip

The top reason cited for job cuts last month was restructuring. Companies blamed stores closing and economic and market conditions for the layoffs, as well. Only 383 job cuts were attributed to artificial intelligence so far this year; instead, companies are blaming layoffs on updating or incorporating new technology, which has accounted for 15,225 layoffs.

end snip

hmm, the bogeyman of AI touted by the Democrat party doesn't seem to be as bad as they claim. Good folks continue to lose their situation. The positive to this is that there are more candidates to fill the open positions at Taco Bell.

 

Thanks Joe!

 

I know that it's cute to say "thanks Joe" but he is just a placeholder. It's the Democrat operatives and their backers who are harming this nation. But, the GOP operatives also are self-serving but in a different manner where at least the regular folks aren't harmed

 

Ever since the GOP took control the of house SMH

 

Hey, and there I thought the economy is already predicting a Trump win in November. At least, that's the new Trump party rationale for the all time highs in the stock markets. Now, doesn't that mean Trump is also responsible for the layoffs, because the economy thinks he's basically already president? Or does Trump only get to take credit for the good stuff, whereas the bad stuff is still the Dems' fault? BTW, that's a rhetorical question.

 

It's pretty normal to see a lot of "workforce reductions" in the first quarter of the year for many larger corporations. But it should also be noted that a lot of people are employed right now and many companies are trying to hire even more qualified people.

What distorts the picture is that a lot of the jobs being filled now are government jobs of one kind or another, and many more are part-time jobs. And over everything is the cloud of so many people now being in so much debt because they simply couldn't control their own spending even when inflation was boiling over last year. Now, house foreclosures are up, car repossessions are up, and evictions from rental property is up too. It's shaping up to be an economic "perfect storm".

 

And yet the current Unemployment rate is 3.7% !

 

https://finance.yahoo.com/news/febr...-unemployment-rate-held-steady-184917835.html

LMAO, fell for the bait again, hook, line and sinker.

 

Please show us where within the article Trump is mentioned? The article is about the rise in layoffs. Is it always about Democrat pom pom waving for you? Do you not care that folks are losing their situations?

 

are you denying the facts about layoffs?

 

If you actually read the link, it would once again invalidate your obtuse notion that only fast food jobs are available. This isn't the first time.

 

How did unemployed under trump reach like 20% without layoffs? Seems illogical.

 

It just shows how high the rate of employment is, that these layoffs don’t make a dent

 

The GOP doesn’t give a damn about regular people, and never has. Not since its founding.

 

How much of that is due to people getting second and third jobs?

 

LmAo

Is this a serious post?

 

Well, if politicians keep threatening to default on our debt, of course companies will downsize.

 

None. Two completely different things.

 

For the non finance crowd. The yield curve has been inverted for the longest period since the 80s. They have been taping this thing together. The shoe will drop.

 

From your link:

It looks like companies are sugar coating that they are replacing AI with "technological update."

 

Yes, this is serious. Here is a Trump quote from Truth Social (1/29/24):

“THIS IS THE TRUMP STOCK MARKET BECAUSE MY POLLS AGAINST BIDEN ARE SO GOOD THAT INVESTORS ARE PROJECTING THAT I WILL WIN, AND THAT WILL DRIVE THE MARKET UP,”

https://thehill.com/homenews/4435862-trump-claims-credit-record-stock-market-biden/

So, doesn't this mean that employers are also projecting a Trump win, and should be hiring instead of laying off? I am just wondering about the Trumper logic here.

 

are you denying the fact about layoffs?

 

slavery
deny woman's vote
internment camps
leper colonies
fight against civil rights
deny school choice and vouchers

all are Democrat policies; own it, be proud of it

 

Fake News.
FYI about the source - this news corporation paid 750+ million USD for lying. i wouldn't trust anything they say.

 

Jobs report February 2024: U.S. job growth totaled 275,000 (cnbc.com)






so much so for Job cuts news by a news organization who are known for lying to their readers.