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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Macroeconomic Trends & Risks
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Author: Timer321   😊 😞
Number: of 4582 
Subject: I have a jobs report
Date: 02/06/26 7:07 PM
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Google query AI

U.S. employers announced 108,435 job cuts in January 2026, marking the highest for that month since 2009, reported by Challenger, Gray & Christmas. This represents a 118% increase from the same period last year and a 205% surge from December 2025, driven largely by massive layoffs in transportation (31,243) and technology (22,291).
Key Findings on January 2026 Layoffs:
Total Layoffs: 108,435 jobs cut.
Key Sectors: Transportation was hit hardest, followed by Technology (including 16,000 from Amazon) and Healthcare.
Industry Drivers: UPS led with over 30,000 cuts, while Amazon's restructuring and contract losses contributed significantly to the tech total.
Context: These are the highest January job cuts in 17 years, signaling a weak labor market and low confidence in the 2026 economic outlook.
Hiring: Companies announced just 5,306 new hires, the lowest January total since
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