US Job Market Stays Strong Despite Widespread Layoffs

US Job Market Stays Strong Despite Widespread Layoffs

US Job Market , Stays Strong Despite , Widespread Layoffs.br 'Newsweek' reports that government job cuts are at the highest br they've been since September of 2011, with the most recent br wave of layoffs hitting Army and Veterans Affairs offices.br The latest data from job search and coaching firm br Challenger, Gray & Christmas, Inc. comes amid br job losses in different industries across the U.S. .br Government agencies cut br over 36,000 jobs in March, br with 10,000 layoffs coming br from Veterans Affairs.br Overall, over 90,000 positions were br eliminated by employers last month, br a 7 increase from February's numbers.br Layoffs certainly ticked upbr to round out the first quarter, br though below last year's levels. br Many companies appear br to be reverting to a br 'do more with less' approach, Andy Challenger, workplace and labor expert at br Challenger, Gray & Christmas Inc., via 'Newsweek'.br Since the beginning of 2024, technology firms br cut over 42,000 positions, with tech companies br reducing over 14,000 positions in March alone.br While Technology continues to br lead all industries so far this year, br several industries, including Energy br and Industrial Manufacturing, are br cutting more jobs this year than last, Andy Challenger, workplace and labor expert at br Challenger, Gray & Christmas Inc., via 'Newsweek'.br While Technology continues to br lead all industries so far this year, br several industries, including Energy br and Industrial Manufacturing, are br cutting more jobs this year than last, Andy Challenger, workplace and labor expert at br Challenger, Gray & Christmas Inc., via 'Newsweek'.br Q1 of 2024 also saw financial firms cut br positions, slashing nearly 29,000 jobs.br Despite the waves of layoffs, experts suggest br that workers are still experiencing br a strong labor market. .


User: Wibbitz Top Stories

Views: 58

Uploaded: 2024-04-05

Duration: 01:30