Job cut announcements just jumped 58% in a single month to nearly 53,000. Through August, we're at 530k cuts—actually the *lowest* year-to-date figure since 2022.
This is the paradox people miss: cuts are accelerating month-over-month, but we're still running below recent years in absolute terms. The labor market isn't collapsing, but it's clearly cooling from a very hot baseline.
Watch the pace of change, not just the level. Markets price the derivative, not the number itself.
This is the paradox people miss: cuts are accelerating month-over-month, but we're still running below recent years in absolute terms. The labor market isn't collapsing, but it's clearly cooling from a very hot baseline.
Watch the pace of change, not just the level. Markets price the derivative, not the number itself.
