The 105,441 job cuts last month is 63% higher compared to the same month last year. That brings the year-to-date total to 602,493 layoffs now, which is the highest since 2020. For some context, the figure is some 87% higher compared to the first four months of 2024. It once again underscores the impact of the DOGE layoffs, with 281,452 of those job cuts being directly attributed to that.
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decision-making for investors and traders alike.