US Job Market , Stays Strong Despite , Widespread Layoffs.<br />'Newsweek' reports that government job cuts are at the highest <br />they've been since September of 2011, with the most recent <br />wave of layoffs hitting Army and Veterans Affairs offices.<br />The latest data from job search and coaching firm <br />Challenger, Gray & Christmas, Inc. comes amid <br />job losses in different industries across the U.S. .<br />Government agencies cut <br />over 36,000 jobs in March, <br />with 10,000 layoffs coming <br />from Veterans Affairs.<br />Overall, over 90,000 positions were <br />eliminated by employers last month, <br />a 7% increase from February's numbers.<br />Layoffs certainly ticked up<br />to round out the first quarter, <br />though below last year's levels. <br />Many companies appear <br />to be reverting to a <br />'do more with less' approach, Andy Challenger, workplace and labor expert at <br />Challenger, Gray & Christmas Inc., via 'Newsweek'.<br />Since the beginning of 2024, technology firms <br />cut over 42,000 positions, with tech companies <br />reducing over 14,000 positions in March alone.<br />While Technology continues to <br />lead all industries so far this year, <br />several industries, including Energy <br />and Industrial Manufacturing, are <br />cutting more jobs this year than last, Andy Challenger, workplace and labor expert at <br />Challenger, Gray & Christmas Inc., via 'Newsweek'.<br />While Technology continues to <br />lead all industries so far this year, <br />several industries, including Energy <br />and Industrial Manufacturing, are <br />cutting more jobs this year than last, Andy Challenger, workplace and labor expert at <br />Challenger, Gray & Christmas Inc., via 'Newsweek'.<br />Q1 of 2024 also saw financial firms cut <br />positions, slashing nearly 29,000 jobs.<br />Despite the waves of layoffs, experts suggest <br />that workers are still experiencing <br />a strong labor market. .<br />Strong growth of 184,000 jobs, <br />strong pay growth per job changers, <br />and these sentiment indicators both <br />in the manufacturing survey and our <br />own worker sentiment and that is still <br />seeing a pretty solid, maybe even <br />good to great, jobs market for 2024, Nela Richardson's, ADP Research Institute <br />chief economist, via 'Newsweek'
