11:31 AM · 6 April 2023

BREAKING: Challanger report indicates large layoffs in US

12:30 am BST - US, Challenger report for March. Actual: 89.70k. Previous reading: 77.77k. Exp. 65.00k

US Challenger Job Cuts (Y/Y) Mar: 319.4% (prev 410.1%)

U.S. Employers Announced Most 1Q Job Cuts Since 2020. Based on Challenger economists, large-scale layoffs will likely continue amid rising interest rates.

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