What in the world just happened to the job market?  The unexpectedly bad numbers that have just come in have truly been a shock to many of us.  Yes, we knew that conditions were getting worse during the early stages of this year.  In fact, the Federal Reserve Bank of New York has publicly admitted that the labor market “deteriorated noticeably” during the first quarter of 2025.  But now it is becoming clear that our economic slide is threatening to become an economic avalanche.

The post Something Just Broke: U.S. Employment Tanked In June, 744,308 Job Cuts Have Been Announced So Far This Year, And Retail Layoffs Are Up 255% was first published by Michael Snyder on The Economic Collapse Blog and is republished here with his permission. Please support his efforts.