5 Days
Source:
The Fiscal Times
Factory layoffs near Covid levels in June, says S&P
Job cuts at U.S. factories are near their highest levels since 2009, driven by concerns over demand and rising costs, according to S&P Global. Despite a slightly better-than-expected manufacturing PMI, employment has declined, reflecting worries about the sustainability of demand and raw material expenses. Manufacturing employment has increased by 23,000 in 2026, but factory job cuts remain a significant concern amid ongoing economic uncertainties.
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