Revelations 18:23:’For the merchants were the great men of the earth; for by thy sorceries were all nations deceived.’

Important Takeaways:

• Job Cuts Hit 77,770 In February 2023; Highest YTD Since 2009
• In the shortest month of the year, U.S.-based employers announced 77,770 job cuts in February
• It is 410% higher than the 15,245 cuts announced in the same month last year, according to a report released
• February’s total is the highest for the month since 2009, when 186,350 cuts were recorded. So far this year, employers announced plans to cut 180,713 jobs, up 427% from the 34,309 cuts announced in the first two months of 2022. It is the highest January-February total since 2009 when a total of 428,099 job cuts were announced in January and February.

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