U.S. companies saw the highest level of job cuts in January since early 2023 and the lowest planned hiring level for the month since 2009, according to a Feb. 1 report from CNBC.
The report, citing research from executive coaching firm Challenger, Gray & Christmas, indicated that a January with poor hiring numbers might indicate trouble for the labor market in the coming year.
January layoffs totaled 82,307, a jump of 136% from December, but down 20% year over year.
Technology and finance were the hardest hit sectors. Jobless claims totaled 224,000 for the last week of January, up 9,000 from the previous week.