Re: Job losses spiked

On Thu, 6 Mar 2025, JAB wrote:

Job losses spiked a whopping 245% in February.
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This is higher than any month since July 2020 (the middle of pandemic)
and the highest in any February since the Great Recession of 2009.
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https://bsky.app/profile/newrepublic.com/post/3ljpxksddyu22
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Layoffs Hit Unbelievable High Thanks to Trump and Musk
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Donald Trump and Elon Musk's cuts to the federal government have
caused a record-breaking surge in layoffs.
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https://newrepublic.com/post/192409/layoffs-trump-musk
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Layoffs means employers are being cautious....great news for wrecking
US's economy.  Hello recession....
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As another interesting piece of the puzzle, inflation is now taking off again in sweden, leading to people speculating that perhaps the central bank will start to increase the interest rates again.
Given the shaky ground of the economy, that would be quite a death sentence to any fledgling positive signs we are seeing here.