Large Scale Layoffs Continue, But Biden Says More Jobs Created

[G.L.R.]

March Jobs: Cuts Surged by 15 Percent – Large Scale Layoffs Likely to Continue

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  Apr. 7, 2023

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The March jobs report is out and it isn't great. Two key features of the report are that job cuts surged by 15 percent, and large scale layoffs are expected to continue. Biden thinks he is doing a great job, of course.  The FOX Business Network reports: Job cuts surged 15% in March, and large-scale layoffs 'will likely continue:' The pace of job cuts by U.S. employers accelerated in March, with the number of layoffs climbing 15% from just one month ago, according to a report published on Thursday by Challenger, Gray & Christmas. Companies announced 89,703 job cuts in March, with technology companies leading the way, the analysis showed. That is 319% higher than the same time one year ago.  Alphabet, Amazon, Apple, DoorDash, Meta, Morgan Stanley, Lyft and Twitter are among the companies either implementing hiring freezes or letting workers go as the Federal Reserve raises interest rates at the fastest pace in decades in order to combat inflation.

President Biden@POTUS

This is a good jobs report for hard-working Americans. Unemployment is near our record low at 3.5% and 236,000 jobs were added in March – that's 12.6 million jobs created since I took office. We're facing economic challenges from a position of strength.

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https://www.thegatewaypundit.com/2023/04/march-jobs-cuts-surged-by-15-percent-large-scale-layoffs-likely-to-continue/

[G.L.R.]

Recall we posted a meme here once on Pelosi's suddenly acquired wealth.  She and her husband (thanks to her insider knowledge) are now worth $200 million.  They are not alone.  The fact that these crooks cannot be brought to justice shows you just how bad the situation is.  People are revolting again in France, but no one can remove the Rothschild banker globalist Macron.  Only the New Zealand globalist PM has stepped down.