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?
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.