Updates

Here’s what to do if US-China trade war ignites layoffs

May 23rd, 2019

The best time to prepare for being let go is while you’re still punching in at work.

While employment overall has been rosy — the unemployment rate went down 20 basis points to 3.6% in April, according to the U.S. Bureau of Labor Statistics — signs of job cuts are emerging.

Last month, U.S.-based businesses indicated that they would trim 40,023 jobs, according to data from Challenger Gray & Christmas.

In all, companies announced 230,433 job cuts in the first four months of 2019, up 31% from the year earlier period, the outplacement firm found.

Read more: Here’s what to do if US-China trade war ignites layoffs

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