I’m ready for tomorrow’s employment report back to see if the Biden Administration performs it straight or give one other padded report like first half 2022. However within the meantime, based on Challenger Grey & Christmas, U.S.-based employers introduced 77,770 job cuts in February. It’s 410% larger than the 15,245 cuts introduced in the identical month final yr.
February’s complete is the very best for the month since 2009…
To this point this yr, employers introduced plans to chop 180,713 jobs, up 427% from the 34,309 cuts introduced within the first two months of 2022. It’s the highest January-February complete since 2009…
Whereas lots of the job cuts is coming within the tech sector,
we’re seeing extra industries reporting an increase in unemployment claims.
After which we now have complete delinquent client loans at 24.8 million. Highest since 2009.
I ponder if the reply to tomorrow’s employment report lies in one of many 9 containers of Biden’s paperwork taken from a Boston workplace?
