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Job Market Stumbles With Steep Rise in Layoffs
Published 4 months, 4 weeks ago
Description
The U.S. job market is showing fresh signs of strain as employers announced more than 71,000 layoffs in November — a 24% increase from last year — according to Challenger, Gray & Christmas. Through November, job cuts have risen 54% compared to 2023, reaching their highest level since the height of the pandemic.
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