What have you always wondered about the economy? Tell us

February job cuts hit three-year high, report says

Scott Tong Mar 7, 2019
HTML EMBED:
COPY
In February, U.S.-based employers announced the highest number of monthly job cuts in more than three and a half years. Online shopping made a dent in terms of retail jobs. Drew Angerer/Getty Images

February job cuts hit three-year high, report says

Scott Tong Mar 7, 2019
In February, U.S.-based employers announced the highest number of monthly job cuts in more than three and a half years. Online shopping made a dent in terms of retail jobs. Drew Angerer/Getty Images
HTML EMBED:
COPY

In February, U.S.-based employers announced the highest number of monthly job cuts in more than three and a half years, according to a new report by Challenger, Gray & Christmas Inc. The report points to significant job cuts for the month in retail, the military, industrial and energy sectors, and the auto industry. This news comes out one day ahead of Friday’s February jobs report. So just how many jobs got slashed? And why the spike in layoffs?

Marketplace is on a mission.

We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.

Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?

Your donation is critical to the future of public service journalism. Support our work today – for as little as $5 – and help us keep making people smarter.