We are seeing some eye-opening figures from Challenger regarding the US labor market. During January, the number of announced job cuts increased to more than double the volume from the previous year, reaching a peak not seen since the Great Recession of 2009. This trend is especially striking because it coincides with a GDP growth rate of approximately 4%. We are witnessing an acceleration in the disconnect between employment stability and economic expansion. If this phenomenon continues, the implications for our economic, political, and social structures could be profound.

#economy #markets #jobs #employment #unempoyment