It’s layoff season. For tax purposes, business budgets typically follow the calendar year, so layoffs tend to peak around Christmas. Merry Christmas! Job cuts this year started rising in August and peaked in November, the last month for which data are available, at a level that was 127 percent higher than in October and 417 percent higher than in November 2021.Mass layoffs are hard to track statistically because in 2013 the Obama administration, facing a statutory obligation to cut spending for the Bureau of Labor Statistics by 5 percent, eliminated the office that kept track of them. You might say the mass-layoff office got laid off. But a 2008 Forbes article that reviewed BLS’s tracking of
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