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Progressive Power Politics But #MAGA The 108,435 job cuts last month represented a 118% jump from the same period last year and the most in any January since 2009, when the U.S. was reeling from the Great Recession triggered by a housing market crisis, consulting firm Challenger, Gray & Christmas said in its latest monthly report. The decline comes after previous signs of a stabilizing labor market in December, when 35,553 layoffs marked the lowest total since July 2024.

But #MAGA The 108,435 job cuts last month represented a 118% jump from the same period last year and the most in any January since 2009, when the U.S. was reeling from the Great Recession triggered by a housing market crisis, consulting firm Challenger, Gray & Christmas said in its latest monthly report. The decline comes after previous signs of a stabilizing labor market in December, when 35,553 layoffs marked the lowest total since July 2024.

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