Job Market Loses Record Amount of Jobs in January

Job Market Loses Record Amount of Jobs in January

Job seekers stand in line at the Hyatt booth setup at the Mega South Florida Job Fair in Sunrise, Fla., on Feb. 23, 2023. (Joe Raedle/Getty Images) The job market lost more than 80,000 jobs in January, up 136 percent from one month prior, with the biggest losses seen in finance and technology, and the biggest reason reported as company restructuring.

American companies announced 82,307 job cuts in January, more than double the 34,817 job cuts in December, according to a report from career specialists Challenger, Gray & Christmas Inc . The plans for new hiring in January amounted to […]

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