- Sep 19, 2011
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Today, the U.S. Department of Labor’s Bureau of Labor Statistics released the monthly Jobs Report which shows the unemployment rate has dropped to 3.4% with more than a half million jobs created in January and 800,000 manufacturing jobs created in the last two years.
“President Biden’s economic plan is working,” said Commerce Secretary Raimondo. “When President Biden took office, the unemployment rate was 6.3%.
Today, it is just 3.4%. That’s the lowest in 54 years.”
YET...
Layoffs are up nearly fivefold so far this year with tech companies leading the way.
Planned layoffs totaled 89,703 for the period, an increase of 15% from February, according to Challenger, Gray & Christmas. Job cuts have soared to 270,416 so far in 2023, an increase of 396% from the same period a year ago.Apr 6, 2023
But, how common are layoffs in the US? 20 Must-Know Layoff Statistics [2023]: Who’s Being Terminated From Their Jobs - Zippia
Luckily, we’ve investigated all of the essential facts about American layoffs, and according to our extensive research:
So what's going on here?
“President Biden’s economic plan is working,” said Commerce Secretary Raimondo. “When President Biden took office, the unemployment rate was 6.3%.
Today, it is just 3.4%. That’s the lowest in 54 years.”
News: Unemployment is at its Lowest Level in 54 years
Today, the U.S. Department of Labor’s Bureau of Labor Statistics released the monthly Jobs Report which shows the unemployment rate has dropped to 3.4% with more than a half million jobs created in January and 800,000 manufacturing jobs created in the last two years.
www.commerce.gov
YET...
Layoffs are up nearly fivefold so far this year with tech companies leading the way.
Planned layoffs totaled 89,703 for the period, an increase of 15% from February, according to Challenger, Gray & Christmas. Job cuts have soared to 270,416 so far in 2023, an increase of 396% from the same period a year ago.Apr 6, 2023
Layoffs are up nearly fivefold so far this year with tech companies leading the way
Companies announced nearly 90,000 layoffs in March, a sharp step up from the previous month.
www.cnbc.com
But, how common are layoffs in the US? 20 Must-Know Layoff Statistics [2023]: Who’s Being Terminated From Their Jobs - Zippia
Luckily, we’ve investigated all of the essential facts about American layoffs, and according to our extensive research:
- There were 15.4 million layoffs in the U.S. in 2022
- There were 6.9 million layoffs between August and December 2022.
- There have only been just over 168,000 layoffs since the start of 2023.
- 40% of Americans have been laid off or terminated from a job at least once.
- 48% of Americans have layoff anxiety.
- 28% of Americans have been laid off in the past two years alone.
So what's going on here?