U.S. companies announced over 90,000 job cuts in March — the highest number since January 2023

3 comments

1. Of course the economy added more than 300k net jobs in March, blowing past all predictions. Leave it to the media to come up with a misleading negative headline though.

   From the article:

   >Despite those reductions in the nation’s labor force, the number of recent layoffs hasn’t been significant enough to make a dent in the overall job market. ***Historically speaking, layoffs are still relatively low, hiring remains solid and the unemployment rate is still consistent with a healthy economy.***

   The reality, at odds with the sensational headline, is buried deep in the article.

2. Hmm, pairs nicely with

   [https://www.nytimes.com/2024/04/05/business/economy/jobs-report-march-2024.html](https://www.nytimes.com/2024/04/05/business/economy/jobs-report-march-2024.html)

   

3. But I thought the economy keeps adding millions of jobs every month!