BUSINESSCNBC TOP
Factory job cuts in June neared financial crisis and Covid levels, S&P says
S&P reported that factory job cuts in June approached levels seen during the financial crisis and Covid-19, despite a better-than-expected manufacturing index driven by inventory rebuilding.
Related Signal
Adjacent reporting
- Markets fall, as good jobs data indicate no interest rate cuts
- Detroit automakers have cut more than 20,000 U.S. salaried jobs as AI threat looms
- AI is driving more job cuts and weighing on hiring, economists say
- Trump stunned as stocks fall on great jobs report. Barclays explains why ‘we are entering the warning zone’
- Hot jobs report puts Fed cuts further out of reach as Chair Warsh faces policy tests
- U.S. tech companies announced the most job cuts in nearly 2 years as AI spending surged