Finance and insurance face layoffs for the first time this summer

August 1, 2024 11:36 am by CWR

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Manufacturing and retail jobs can ebb and flow based on demand flows.

What about finance and insurance?

First time all summer, possibly all year, these industries were called out as sources of layoffs. pic.twitter.com/yadNgeURB3

— Neely (@NeelyTamminga) August 1, 2024

See also S&P 500 hit record highs four times this week despite more declining stocks. Since 1928, this is the first time that's ever happened.