Why is JPM hedging against a downturn in the economy? Is rate cut & qe-4 statements from trump admin panic?

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Job Layoffs Surge 35% to Highest Level to Start a Year in a Decade

The worst first quarter since 2009, according to Challenger, Gray & Christmas.

  • Job layoffs hit 190,410 in the first quarter, a 35.6 percent increase over the previous year and the worst first quarter since 2009, according to Challenger, Gray & Christmas.
  • The report comes a day before the government’s nonfarm payrolls count, which is expected to show growth of 175,000.

Layoffs hit their highest level for a first quarter in 10 years as 2019′s job market got off to a shaky start, according to a report Thursday from outplacement firm Challenger, Gary & Christmas.

Total announced cuts hit 190,410, a 10.3 percent increase from the fourth quarter and 35.6 percent jump from the same period a year ago. The level was worst period overall since the third quarter of 2015 and the highest level for a first quarter since 2009 as the economy was still mired in the financial crisis.

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