2 weeks Ago
This news kind of slipped past our radar, but it does not bode well for the Kamala Harris campaign: BREAKING: Announced job cuts totaled 75,891 in August, 193% higher than July, per CNBC. Though the total was just 1% higher than the same month in 2023, it was the highest number for August going back to 2009, during the global financial crisis. — unusual_whales (@unusual_whales) September 16, 2024 Advertisement In other words, layoffs are up and hiring is at historic lows.
But BEST ECONOMY EVER, JACK! Here's more from CNBC: Layoffs soared in August, hitting their highest total for the month in 15 years, while year-to-date hiring reached a historic low, outplacement firm Challenger, Gray & Christmas reported Thursday. Announced job cuts totaled 75,891 for the month, lurching 193% higher than July. Though the total was just 1% higher than the same month in 2023, it was the highest number for August going back to 2009, as the economy was still escaping the worst of the global financial crisis.
On the hiring front, companies said they were adding just 6,101 new workers, up by...
Amy Curtis.
