IPFS News Link • Economy - Economics USA
January Jobs Shocker: Payrolls Explode By 353K, Double The Expected...
• Zero HedgeWell, we did warn readers that anyone hoping for a negative print in an election year would be disappointed, and moments ago the BLS proved us right.
With Wall Street expecting a continued declines in the pace of monthly growth, and consensus looking for a decline from last month's 219K print to 185K, the BLS decided to once again show logic and common sense who is boss, and damn your mass tech layoff torpedoes...
Dear @BLS_gov, since you have trouble finding actual data, we've made it easy for you - here are the layoffs announced in the past few months:
— zerohedge (@zerohedge) January 31, 2024
1. Twitch: 35% of workforce
2. Hasbro: 20% of workforce
3. Spotify: 17% of workforce
4. Levi's: 15% of workforce
5. Zerox: 15% of…