Challenger report: U.S. companies announced 108,000 layoffs in January, the highest for the same period since 2009, a month-on-month surge of 205%.
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The U.S. job market faces its toughest start since the financial crisis.
According to the Challenger, Gray & Christmas "Challenger Layoff Report" released Thursday, the number of layoffs announced by employers surged to the highest January level in seventeen years, while hiring plans dropped to the lowest