Early release by the source. US-based employers announced 47,999 job cuts for the month of June this year. Compared to the same month last year, job cuts were down 2%. That brings the total number of layoffs in Q2 itself to 247,256 job cuts. That is up 39% from the 177,391 job cuts in Q2 last year and the highest Q2 total since 2020.
This article was written by Justin Low at www.forexlive.com.