Employers cut 60,357 jobs in March, up 39 percent from last year. Over half of the cuts — 35,042 — came from retailers, which is seven times more than the monthly total from retailers last year.
“The growth and job creation we’ve seen over the last few months may be coming to an end. As wages grow and the labor market tightens, companies are going to switch to a no-risk strategy and potentially begin contracting,” John Challenger, CEO of Challenger, Gray & Christmas, told CNBC.
More articles on business:
AI with an ROI — why natural language processing makes sense for healthcare
The future of the connected clinician
Amazon’s ad business could hit $20B threshold in 2020
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.