Business & Economy · 19 views
Factory job cuts in June neared financial crisis and Covid levels, S&P says
Though the firm's manufacturing index ran better than expected for June, it came largely from an inventory rebuild and despite sharp job cuts.
AI Summary
The recent factory job cuts in June have reached levels comparable to those seen during the financial crisis and the Covid-19 pandemic. According to the S&P, the number of job cuts in the manufacturing sector has reached a significant milestone, with the severity of the cuts rivaling those experienced during the most challenging periods in recent history.
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