US Job Cuts Highest Since 2020 📉
US employers announced 172,017 job cuts in February 2025, the highest value since July 2020 and the highest for the month of February since 2009, driven by government efficiency actions, canceled government contracts, trade war fears, and bankruptcies.
The high number of job cuts across various sectors indicates a weakening economic environment, which could negatively impact the overall portfolio performance, especially the long positions in the S&P500, European, and emerging market indices.
US Job Cuts Hit 2020-Highs on DOGE Layoffs 📉
US employers announced 172,017 job cuts in February 2025, the highest since July 2020, driven by government efficiency actions, canceled contracts, trade war fears, and bankruptcies. The government, retail, and tech sectors led the job cuts.
The high job cuts across multiple sectors, especially in the government, retail, and tech industries, could negatively impact the overall portfolio, which has significant exposure to the S&P 500, European markets, and individual companies like Apple, Microsoft, and Meta.