Job Cuts at Big U.S. Companies May Be Picking Up, Data Suggest

(Bloomberg) -- The number of job cuts at U.S. companies employing at least 5,000 people rose to the highest in almost a decade over the summer, based on experimental data from the Bureau of Labor Statistics. The data aren’t considered official, the bureau said.

Official data on jobless claims -- which track cuts at employers of all sizes -- have been running at the lowest levels since the late 1960s.

The experimental data also showed the hires-to-layoffs ratio trended lower after reaching a post-recession peak almost seven years ago.

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Job Cuts at Big U.S. Companies May Be Picking Up, Data Suggest

The number of job cuts at U.S. companies employing at least 5,000 people rose to the highest in almost a decade over the summer

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Job Cuts at Big U.S. Companies May Be Picking Up, Data Suggest

The number of job cuts at U.S. companies employing at least 5,000 people rose to the highest in almost a decade over the summer

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