Job Cuts UP 176% YoY, Q1 Nonfarm Productivity Falls -2.7% QoQ, Unit Labor Costs Almost Double…

4 May 2023

Biden loves to brag about the greatest economy in history! Sure Joe. Life during Biden. Challenger jobs cuts in April were 176% year-over-year. Non farm productivity in Q1 fell -2.7% QoQ. And unit labor costs in Q1 almost doubled to 6.3% QoQ, almost doubled from the Q4 2022 figure of 3.2%.

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