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Layoffs surged in February to highest level since 2009
The pace of job cuts by U.S. employers accelerated in February‚ a sign the labor market is starting to deteriorate in the face of ongoing inflation and high interest rates.
That is according to a new report published Thursday by Challenger‚ Gray &; Christmas‚ which found that companies planned 84‚638 job cuts in February‚ a 3% increase from the previous month and a 9% jump from the same time last year.Â
It marked the highest layoff total for the month of February in data...