Subject: Re: Crazy world economic data

The enduring question.

A post on the Fool quotes the Challenger Gray report for May that job cuts were up 16% from April, and the highest May number since 2020, when the economy was shut down.

U.S. employers announced 97,006 job cuts in May, a 16% increase from April and the highest May total since 2020. The technology sector led the layoffs by a wide margin, driven heavily by artificial intelligence adoption and structural industry resets.

https://discussion.fool.com/t/...

Steve