The Next Employment Crisis Is Here: Job Cuts At U.S. Companies Jump 35 Percent In April

``... so far this year overall, job cut announcements are running 24 percent higher than for the exact same period in 2015... [and] the jump of 17,000 [in initial unemployment claims] was the largest increase that we have seen in over a year. Of course the U.S. economy has been slowing down for quite a while now, and many have been wondering when we would begin to see that slowdown reflected in the employment numbers. Well, that day has now arrived... At this point, U.S. firms are laying off people at a rate that we have not seen since the last financial crisis.'' -- But then there's the "barn-busting" 172k jobs reported added by ADP in June; arguably just treading water relative to population growth, but readers can decide for themselves what the true trend is...