Job cuts in February fell sharply from the previous 108,435, highlighting easing pressure in the U.S. labor market, according to data from Challenger.
U.S. staffing consultancy Challenger recorded 48,307 corporate layoffs in February, a significant decline from January’s 108,435 reported job cuts. The data, cited by Jinshi, suggests moderating corporate downsizing activity and potential stabilization in the broader U.S. employment environment.