us job cut

US weekly jobless claims unchanged; layoffs decline in April

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US weekly jobless claims unchanged; layoffs decline in April

The number of Americans filing new claims for unemployment benefits held steady at lower levels last week as the labor market remains fairly tight. Initial claims for state unemployment benefits were unchanged at a seasonally adjusted 208,000 for the week ended April 27, the Labor Department said on Thursday. Economists polled by Reuters had forecast … Read more

US job cuts over Jan-Feb hit highest since 2009 – report

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US job cuts over Jan-Feb hit highest since 2009 – report

Layoffs by U.S. companies over January and February touched the highest since 2009, with the tech sector accounting for more than a third of the over 180,000 job cuts announced, a report showed on Thursday. In February alone, layoffs in the United States stood at 77,770, more than five times higher than the 15,245 job … Read more