Read Beyond Massive Job-Cuts Headlines: Labor Market Is Fine
- Job reductions in North America approach 81,000 since July
- `Nothing is falling apart;' hit falls only on some industries
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In the span of just 10 days, four major U.S. companies announced plans for a whopping 40,000 job cuts. And this quarter is the worst since the recession with 81,000 total.
But read beyond the headline numbers because hiring remains strong, and the U.S. government may report this week that unemployment remained at its lowest levels since 2008.