Executive outplacement company Challenger, Gray & Christmas says layoffs more than doubled last month. But with unemployment at just 3.7%, and continuing to decrease, a more in depth and in perspective look at the numbers is important.
FILE - A"Now Hiring" sign at Biolife plasma is displayed in a file image taken in Mounds View, Minnesota. Big name companies across California laid off workers over the last few months. But, even despite cutting jobs, executive outplacement company Challenger, Gray & Christmas says unemployment remains low.
"Our economy continues to grow. The economic report, the GDP, is up even more than it was previously thought," President Joe Biden said. "We continue to create jobs, lots of jobs," New announcements in the past few weeks of lay-offs at Amazon, Ford Motors, and Walmart are mostly aimed at white collar positions.
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