🚨 LABOR MARKET SHOCK: LAYOFFS SURGE 🚨
💥 U.S. employers announced 108,435 layoffs in January, marking a +118% jump YoY and +205% surge from December.
📉 Why it matters:
Worst January for layoffs in 17 years
Signals rapid cooling in hiring confidence
Raises recession and earnings risks
Markets are watching closely as labor stress often precedes broader economic weakness. Volatility likely as data reshapes rate and growth expectations.
#ADPDataDisappoints $ARB $LTC