Despite All Moaning and Groaning: Layoffs & Discharges Plunge, Hires and Voluntary Quits Rise, Driven by Private Sector Strength

The labor market started regaining momentum in the fall of 2024, and it continued through March. By Wolf Richter for WOLF STREET. Layoffs and discharges plunged by 222,000 workers in March from February, seasonally adjusted, to 1.56 million (blue line in the chart below), the lowest since November…