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Federal budget cuts News

Economy

July Sees a 29% Spike in US Job Cuts, Reaching 62,075: A Deep Dive into the Numbers

Ryan Peterson 01 Aug, 2025

Job cuts in the US soared to 62,075 in July, a 29% monthly and 140% annual increase. Technology, retail, and non-profits were hardest hit, with AI and budget cuts cited as major ca...

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