US April Challenger layoffs 105.44k vs 275.24k prior

The 105,441 job cuts last month is 63% higher compared to the same month last year. That brings the year-to-date total to 602,493 layoffs now, which is the highest since 2020. For some context, the figure is some 87% higher compared to the first four months of 2024. It once again underscores the impact of the DOGE layoffs, with 281,452 of those job cuts being directly attributed to that.

This article was written by Justin Low at www.forexlive.com.