Total cuts hit 190,410, a 10.3 percent increase from the fourth quarter and 35.6 percent jump from the same period a year ago.
Layoffs hit their highest level for a first quarter in 10 years as 2019's job market got off to a shaky start, according to a report Thursday from outplacement firm Challenger, Gary & Christmas.
Economists expect Friday's Labor Department report on payrolls to show growth of 175,000 and the unemployment rate to stay unchanged. But there have been cracks lately that suggest the jobs climate is beginning to turn. For instance, private payrolls grew by just 129,000 in March, an 18-month low, according to a report Wednesday from ADP and Moody's Analytics.
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